Data published by the Sentix showed that the economy in the eurozone is collapsing dramatically due to the Ukraine crisis. The overall index falls to its lowest value since November 2020 (to -7.0 from 16.6 in February). Expectations, which drop by -34.75 points, are eroding particularly sharply. This has never been the case in the 20-year history of the sentix economic index. A comparable picture is also emerging in Germany. The Eastern Europe region is suffering particularly badly and is falling into a deep recession. The US economy is also hit by the crisis shock, although not quite as hard. On the positive side, the situation there remains at 29.8 points and so far only indicates an economic slowdown. The Asian economic region is also in the wake of the global downward trend.
Euroland: Rarely has the tension on the latest data on the sentix economic index been as high as it is today. After all, the sentix index is considered the earliest leading indicator on the market and very quickly indicates the trends in economic activity. The first economic indicator after the Russian invasion of Ukraine has it all: the economy in euroland collapses dramatically in the month of March! The situation values are down by 11.5 points, the expectations are down by 34.75 points, as strong as never before in the entire sentix history. Even the corona pandemic or the banking crisis had not led to such a sharp discount in the future prospects!