Skip to main content

Europe Chart Pack (June 2024)

The latest data has been a bit stronger than we had anticipated and suggests that the recovery in euro-zone activity may continue at a moderate pace. The labour market remains tight, with unemployment falling to a fresh record low and wage growth picking up a little in the first quarter. And with services inflation having been a bit stronger than expected, we think the ECB will not cut rates at the next meeting in July and will instead wait until the September meeting. Elsewhere, we also think that the SNB and Riksbank will pause their loosening cycle at their next meetings later this month, but we expect the Riksbank to return to cutting rate later this year. Norges Bank will probably only follow suit with rate cuts in December.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access