According to the report from Sentix, there is no positive reaction to the central banks' aid measures, and economic assessments are broadly negative in October. At -16.8 points, the sentix overall economic index for the Euro area marks the lowest level since April 2013. The recovery of expectations from the previous month has thus completely evaporated. In addition, the assessment of the current situation gives cause for concern. For the eurozone, this falls by 6 points to a 5-year low, and for Germany the value drops for the fifth time in a row at a rapid pace. 

Germany: Climate discussion

The economic climate in Germany is eroding at record speed, and the overall index for the former economic engine in Europe in October marks the lowest level since July 2009! Pressure is building up, and the first mover among the leading indicators is sending a clear signal to the people involved that the economic slowdown requires a rapid and courageous reaction.

The other regions of the world are also descending. The US overall index marks its lowest level since August 2012, which is also pushing the index for the global economy massively downwards. There is nothing to be seen of the autumn upswing.