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22nd Aug 2024 13:48EurozoneDaily Monitor

  • The downturn in the EZ composite PMI was halted by the Olympics in France; only temporarily we think. 
  • The PMIs point to firming growth in services, while manufacturing is still stuck in recession. 
  • A big drop in Q2 wage growth seals the deal for a September cut, and helps our call for an October cut.

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Keywords for: 23 August 2024 Eurozone Monitor

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