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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, or contact your account rep

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

EZ Datanote: GDP, Switzerland, Q3 2023

In one line: Outperforming the EZ and defying the slump in the surveys.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Unemployment, Germany, November

In one line: German unemployment is rising, but employment growth is resilient.

Claus Vistesen (Chief Eurozone Economist)Eurozone

1 December 2023 Eurozone Monitor The ECB's Hawkish Stance on Interest Rates is About to Change

  • EZ inflation fell sharply in November, widening the gap between the reality and the ECB’s forecasts.
  • January HICP is key for the 2024 inflation outlook; we look for a return to normal in m/m pricing.
  • The ECB’s hawkish facade will soon crack; look out for a shift in messaging at the December meeting.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PM Datanote: EC Sentiment, Eurozone, November 2023

In one line: Services confidence is holding up; employment expectations fell further.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PM Datanote: ISTAT, Italy, November 2023

In one line: Better for consumers and manufacturing, but service confidence fell further.

Claus Vistesen (Chief Eurozone Economist)Eurozone

30 November 2023 Eurozone Monitor EZ Core Inflation to Undershoot the Consensus in November

  • Inflation in Germany and Spain undershot consensus in November; will EZ HICP do the same?
  • German inflation will snap back in December due to base effects in energy; the core is falling rapidly.
  • Core inflation in Spain declined sharply in November, and the downturn has further to run.

Claus Vistesen (Chief Eurozone Economist)Eurozone

November 2023 - EZ Economic Chartbook



Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: EZ Money Supply, EZ, October 2023

In one line: Adjusted for savings money data suggest an improving outlook for H1 next year. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: GfK Consumer Confidence, Germany, December.

In one line: Depressed, despite an improving outlook for real income growth.

Claus Vistesen (Chief Eurozone Economist)Eurozone

29 November 2023 Eurozone Monitor Money Data Show Some Green Shoots but Are Still Recessionary

  • Money supply is not falling as fast as it was earlier in the year, but it is still declining...
  • ...Lending growth, meanwhile, is fading, which bodes ill for our call for a rebound in GDP in H1 2024.
  • The package holiday CPI can be volatile in November; risks are tilted to the downside this week.

Claus Vistesen (Chief Eurozone Economist)Eurozone

28 November 2023 Eurozone Monitor Leading Indicators Suggest the Euro Should Be Stronger

  • Interest-rate and core-inflation differentials suggest the EUR is currently undervalued against the USD...
  • ...Political uncertainty measures suggest it is right where it should be, at 1.10...
  • On balance, we think EURUSD will trade between 1.10 and 1.15 for most of 2024.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: IFO, Germany, November 2023

In one line: Still-rising, but will the fiscal impasse hit the December data?

Claus Vistesen (Chief Eurozone Economist)Eurozone

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Eurozone Document Vault, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence