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19th Nov 2024 10:16EurozoneDaily Monitor

  • Eurozone negotiated wage growth jumped in Q3, boosted by one-off payments in Germany. 
  • The Q3 leap in wage growth won’t faze the ECB, but it helps our call for a “small” 25bp cut in December. 
  • The EZ construction industry remains under the weather, despite some improvement in the surveys.

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Keywords for: 21 November 2024 Eurozone Monitor

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