J.P. Morgan Asset Management - The Weekly Brief

30.05.2022 11:59 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Unternehmensumfrage im Dienstleistungssektor der Eurozone blieb im Mai robust, obwohl sich das Verbrauchervertrauen auf rezessivem Niveau befindet. Dagegen wiesen die Umfragewerte im britischen Dienstleistungssektor im Mai eine deutliche Verlangsamung des Wachstums aus, was angesichts des zuletzt schwachen Verbrauchervertrauens eher zu erwarten wäre. Sowohl in Grossbritannien als auch in Europa wird es nun darauf ankommen, ob sich die Unternehmensumfragen dem Verbrauchervertrauen anschliessen, indem sie unter 50 Zähler und damit auf ein rezessives Niveau fallen, oder ob das Verbrauchervertrauen von hier aus steigt. Die staatliche Unterstützung bei der Bewältigung höherer Energiepreise ist ein Faktor, der das Konsumklima verbessern könnte. Vor diesem Hintergrund wird es interessant sein, ob das kürzlich angekündigte Entlastungspaket des britischen Finanzministers ausreicht, um das Verbrauchervertrauen in Grossbritannien in den kommenden Monaten zu stärken.

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