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26th Jul 2022 15:18Eurozone, Daily Monitor

Inflation likely remained hot in July as a rise in food inflation and the core rate offset a falling energy rate. 

GDP data will paint a picture of a weak EZ economy ahead of a probable recession in H2.

We pencilled-in a contraction in Germany, but a pick-up in growth in each of the rest of the big four.

core inflation core rate ECB energy energy inflation euro ez inflation gas prices gdp data gdp growth german gdp germany italy July June net trade oil oil prices pmi q2 q2 gdp q4 recession retail sales russia services output survey data trade us

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Keywords for: 27 July 2022 EZ Monitor

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