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20th Nov 2023 09:23Eurozone, Daily Monitor

  • Today’s negotiated wage figures likely will show that wage growth eased in Q3, but only marginally.
  • Construction output edged up in September; survey data suggest this was reversed in October...
  • ...We think the sector will be a drag on growth again in Q4; luckily it accounts for only 5% of EZ GDP.

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Keywords for: 21 November 2023 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence