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23rd Nov 2022 15:37Eurozone, Daily Monitor

  • The PMI remains consistent with a bigger fall in GDP than we expect in Q4, despite rising in November.
  • Price pressures have eased, supporting our call for an ECB pivot to slower rate hikes from next month.
  • The EU-agreed gas price cap will work to our favour here too; preventing price hikes at times of stress.

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Keywords for: 24 Nov 2022 Eurozone Monitor

ECB, gdp, pmi, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence