J.P. Morgan Asset Management - The Weekly Brief

21.05.2024 09:36 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Nachdem sich bereits im ersten Quartal eine Verbesserung abzeichnete, zieht die Wirtschaft in der Eurozone nach ihrer Stagnation im Jahr 2023 weiter an. Der ZEWIndex misst den Konjunkturoptimismus der Analysten für die nächsten sechs Monate. Im Mai stieg der Index um 3,1 Punkte auf 47 Zähler und liegt damit in Reichweite seines Niveaus vom Februar 2022 (vor der russischen Invasion in der Ukraine). Zuvor wurden besser als erwartete BIP-Zahlen für das erste Quartal und robuste Arbeitsmarktdaten gemeldet. So ist die Beschäftigung in der Eurozone in den ersten drei Monaten des Jahres um 0,3% zum Vorquartal gestiegen. Sogar im verarbeitenden Gewerbe sind Anzeichen einer Erholung zu erkennen: Die Industrieproduktion legte im März im Vergleich zum Vormonat um 0,6% zu. Auch wenn die wirtschaftliche Aktivität nach wie vor geringer ist als in den USA, dürfte eine wahrscheinliche Zinssenkung der Europäischen Zentralbank im Juni das Ende der Stagnation in der Eurozone besiegeln.

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