According to the report from Sentix, the rising number of positive PCR test results is causing politicians to fear an uncontrolled spread of the corona virus. Although the serious consequences of a lockdown on economic development were experienced in March, most governments in Europe are going down the path of renewed contact restrictions. Although these do not have the same negative effect as in March, they do dampen the economic recovery process. Surprisingly, however, the effect on the sentix business cycle index is surprisingly limited at -1.7 points. The reason for this "mild lockdown" is probably the positive dynamics in Asia and the USA.

The corona containment measures taken by governments in Europe are not only a human burden for citizens, but also have a negative impact on the economic recovery process in the euro area. The sentix overall economic index falls by 1.7 points to -10 points in November. The so-called "lockdown light" has so far had little effect on investors' assessment of the situation. The situation index falls only marginally to -32.3 points. Nevertheless, this negative value still means an economy in contraction mode. In our opinion, however, the expectation values are more important. Here we measure a somewhat sharper decline to 15.3 points, the lowest value since May 2020. The fact that the setback was not more severe is probably related to the international situation.