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1st Jan 2024 20:54Eurozone, Daily Monitor

  • EZ manufacturing remained in recession in Q4, but global data point to an improvement in Q1.
  • The slowdown in narrow money growth is easing, adding to upside risks for the composite PMI in Q1.
  • Private sector lending growth slowed midway through Q4; it will slow further in H1 2024.

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Keywords for: 3 January 2024 Eurozone Monitor

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