# ECB staff macroeconomic projections for the euro area, September 2023

> The ECB's September 2023 staff projections cut the euro-area growth outlook to 0.7% for 2023 and 1.0% for 2024 and raised near-term inflation expectations. The projections cite tighter financing conditions, weak confidence and a stronger euro.

- Date: 2023-10-01 · published 2023-10-01T12:00:00.000Z
- Category: report · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/34320-ecb-staff-macroeconomic-projections-for-the-euro-area-september-2023
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Weaker euro-zone growth lowers European demand for imported feed ingredients and reduces the euro's support, which can weigh on EU feed demand and related dollar-priced commodity values.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-11-22 | [The Fed - Foreign Exchange Rates - H.10 -  November 22, 2021](https://feedsoft.ai/events/44253-the-fed-foreign-exchange-rates-h-10-november-22-2021.md) | -0.5% | -0.2% |
| EURUSD | 2021-06-24 | [Economic Bulletin Issue 4, 2021](https://feedsoft.ai/events/46807-economic-bulletin-issue-4-2021.md) | -0.9% | -1.5% |
| EURUSD | 2019-03-21 | [Economic Bulletin Issue 2, 2019](https://feedsoft.ai/events/60316-economic-bulletin-issue-2-2019.md) | -0.9% | -0.5% |
| EURUSD | 2024-04-30 | [Eurozone Preliminary HICP inflation steadies at 2.4% YoY in April, as expected](https://feedsoft.ai/events/30946-eurozone-preliminary-hicp-inflation-steadies-at-2-4-yoy-in-april-as-expected.md) | +0.6% | +1.5% |
| EURUSD | 2025-10-06 | [Federal Reserve Board - Foreign Exchange Rates - H.10 - October 06, 2025](https://feedsoft.ai/events/7205-federal-reserve-board-foreign-exchange-rates-h-10-october-06-2025.md) | -1.1% | -1.8% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/projections/html/ecb.projections202309_ecbstaff~4eb3c5960e.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.