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21st Dec 2022 16:22Eurozone, Daily Monitor

  • EZ wage growth slowed a bit in the third quarter, but it is still high enough to keep the ECB on alert.
  • Wage demands next year will be the key test of the ECB’s fears over a wage-price spiral.
  • Construction activity in the EZ rose further in October, due in part to unusually warm weather.

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Keywords for: 22 Dec 2022 Eurozone Monitor

ECB, eurozone, ez, growth, inflation, wage growth, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence