2 Sept 2022 Eurozone Monitor No Help for ECB Doves Looking Beyond the CPI Data for Support

Claus Vistesen (Chief Eurozone Economist)1st Sep 2022 15:03Eurozone, Weekly Monitor

ECB doves have little to pin their hope on for next
week, despite soft survey data in manufacturing.
The EZ labour market was resilient at the start of Q3, but spending, ex-services, was mixed.
EZ manufacturing is now likely in recession, but this is not enough to stay the ECB's hand.

consumer confidence cpi cpi data ECB employment eurostat ez labour market france fuel german data german retail sales germany governing council industrial production industrial sector insee inventories jobless claims July labour labour force labour market labour market data manufacturing manufacturing pmis output price inflation pmi pmis q3 real incomes retail sales sales data spain survey data unemployment

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