Eurozone Documents

Eurozone Publications

Below is a list of our Eurozone Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep

Please use the filters on the right to search for a specific date or topic.

EZ Datanote: Retail Sales, EZ, February 2024

In one line: A German-led plunge.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Spain, February 2024

In one line: Industry is a key reason Spain outperformed in Q1.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, France, February 2024

In one line: Held back by a plunge in energy output; core production did better.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Factory Orders, Eurozone, February 2024

In one line: Going nowhere, but turnover jumped in February.

Claus Vistesen (Chief Eurozone Economist)Eurozone

8 April 2024 Eurozone Monitor Hard data support our view of a 0.2% increase in EZ GDP in Q1

Industrial production in the Eurozone likely jumped in February but fell over Q1 as a whole.
Retail sales data point to a subdued EZ consumer in Q1, but the services numbers will look better.
Our Nowcast model points to EZ GDP stagnating in Q1, but it is too downbeat; a 0.2% rise is more likely.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final PMIs, Eurozone, March 2024

In one line: Liftoff?

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Inflation, Switzerland, March 2024

In one line: A downside surprise, as in the EZ.

Melanie Debono (Senior Eurozone Economist)Eurozone

5 April 2024 Eurozone Monitor Swiss CPI implies more SNB cuts; EZ house prices fell in Q4

The fall in Swiss inflation in March solidifies our view that more SNB rate cuts are on the way this year.
EZ house prices fell in Q4 and were down by 1.1% in 2023 overall; we look for another 1% drop this year.
The PMI adds to the evidence that Spain’s economic outperformance continued in Q1; we concur.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, Eurozone, March 2024

In one line: As you were.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Unemployment, Eurozone, February 2024

In one line: Staying where it's been for most of the past year.

Melanie Debono (Senior Eurozone Economist)Eurozone

4 April 2024 Eurozone Monitor Core inflation in March softer than implied by the headline

EZ inflation surprised to the downside in March, but not enough for the ECB to pull the trigger next week.
Services inflation was sustained by the early Easter in March; it will come down sharply in April.
We expect EZ headline inflation to stabilise around 2% from August through to Q1 next year.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, Germany, March

In one line: EZ inflation on track to undershoot the consensus tomorrow.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: State CPIs, Germany, March

In one line: April is back on the menu.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final Manufacturing PMI, EZ, March 2024

In one line: Still touch and go for the recovery in EZ industry.

Melanie Debono (Senior Eurozone Economist)Eurozone

3 April 2024 Eurozone Monitor EZ inflation likely fell to just over 2% in March; what now, ECB?

The drop in German inflation cements the outlook for a below-consensus EZ inflation report today.
Why wouldn’t the ECB cut this month if inflation hit 2.2% in March? We can’t see why not either.
Weakness in France and Germany is still holding back momentum in EZ manufacturing.

Melanie Debono (Senior Eurozone Economist)Eurozone

2 April 2024 Eurozone Monitor Early HICP data point to downside risks for EZ inflation in March

Early HICP numbers point to downside risks to EZ inflation, but beware Easter effects in Germany.
A soaring French budget deficit in 2023 raises the risk of a confidence-denting income tax hike in 2024.
The Eurozone money supply data are picking up, supporting a further rebound in the composite PMI.

Claus Vistesen (Chief Eurozone Economist)Eurozone