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4th Dec 2023 20:46Eurozone, Daily Monitor

  • An ECB pivot is underway; it will be confirmed at next week’s policy meeting, and by the new forecasts.
  • The January HICP report and wage data remain risks to our call for a first rate cut in March.
  • Early data from France and Spain suggest euro area manufacturing slowed further at the start of Q4.

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Keywords for: 6 December 2023 Eurozone Monitor

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