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26 Sept 2022 Eurozone Monitor More Recessionary PMI Data in the EZ

Claus Vistesen (Chief Eurozone Economist)23rd Sep 2022 14:30Eurozone, Weekly Monitor

The EZ composite PMI sank further in September, consistent with GDP falling in the third quarter
Supply-side tensions eased in September, but higher energy costs drove a rise in input price inflation.
Markets look for the ECB deposit rate to end 2022 at 2.25, with 75bp more in 2023; that's too much.

composite pmi core rate deposit rate ECB ECB deposit rate energy euro euro area Euro area GDP ez inflation gdp growth input price interest rate manufacturing pmi pmis policy policy rates policymakers rate decision refinancing September september pmis September pmis services activity services output services pmi

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