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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Executive Summary
- Recent trends in Eurozone wages, hours worked and productivity suggest that unit labour costs are set to remain elevated at least through the first half of 2024.
- The extent to which increases in unit labour costs are passed through to end prices is a key concern for the ECB, and an understanding of this risk in the Q1 ’24 data is deemed a pre-requisite to cutting rates by many on the Governing Council.
- MNI examines the factors underlying unit labour cost growth, including wages and productivity, and outlines what the ECB (and markets) will be watching out for in H1 ’24.
For our full PDF analysis, click the following link:
MNI Eurozone GDP Deflator and ULCs 240301.pdf
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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