6 July 2023 Eurozone Monitor The ECB's Hawks won't be Swayed by Softening PMI Data
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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