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4th Jan 2024 20:25Eurozone, Weekly Monitor

  • EZ inflation was lifted by base effects in December; the downtrend in the core is uninterrupted.
  • Markets are folding on expectations of a March rate cut; we aren’t, until we see January inflation figures.
  • German retail sales plunged in November; seasonals have caught up with Black Friday shopping.

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Keywords for: 8 January 2024 Eurozone Monitor

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