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4th Jul 2023 18:47Eurozone, Daily Monitor

  • The composite EZ PMI was revised below 50 in June, but that is unlikely to sway the ECB.
  • The central bank will downgrade its growth forecasts in September, but we still think it will hike.
  • Industrial output in France performed surprisingly well in Q2; it likely fell slightly in Spain.

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Keywords for: 6 July 2023 Eurozone Monitor

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