Pantheon Macroeconomics

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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 info@pantheonmacro.com, or contact your account rep

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

Melanie Debono (Senior Eurozone Economist)

EZ Datanote: Factory Orders & Trade Balance, Germany, March

In one line: Orders not rising in line with surveys; trade balance in goods rebounds

Melanie Debono (Senior Eurozone Economist)Eurozone

8 May 2024 Eurozone Monitor German output slides in March; EZ consumer goods spending flatlines

  • German factory orders fell again in March, as capital and intermediate goods demand faltered...
  • ...Turnover data suggest production figures will be better than expected today, but still down.
  • Retail sales confirm the EZ consumer was still show- ing little interest in goods in Q1; will this change?

Melanie Debono (Senior Eurozone Economist)Eurozone

7 May 2024 Eurozone Monitor EZ labour market set to remain tight but won't prevent ECB cuts

  • The EZ unemployment rate held steady in March, staying at 6.5% for the fourth straight month.
  • Employment growth likely slowed in Q1, in line with the surveys and advance national data...
  • ...And will slow to Q3 at least, lifting the jobless rate as labour-force growth stays strong.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Inflation, Switzerland, April 2024

In one line: Ooof a big increase, but inflation is still within the SNB’s target range.

Melanie Debono (Senior Eurozone Economist)Eurozone

3 May 2024 Eurozone Monitor Still three more SNB cuts this year, despite rising inflation in April

  • Swiss inflation rose in April on the back of a broad- based increase in prices...
  • ...It should fall again to near 1% in coming months, though, so the SNB can continue its cutting cycle.
  • We continue to look for more rate cuts this year than the consensus; 75bp-worth.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance GDP, EZ, Q1 2024

In one line: Strong but won’t prevent a rate cut in June. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance GDP, Italy, Q1 2024

In one line: Italian GDP rises for third straight quarter, though a touch less than we thought it would. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance GDP, Spain, Q1 2024

In one line: On a roll; outperformance to continue throughout this year

Melanie Debono (Senior Eurozone Economist)Eurozone

24 April 2024 Eurozone Monitor The PMIs suggest that EZ GDP growth picked up at the start of Q2

  • The rise in the EZ composite PMI suggests we should expect a pick up in GDP growth in Q2.
  • Higher selling price expectations won’t prevent an ECB cut in June; they still point to lower inflation.
  • The SNB’s tweak to minimum reserve requirements is not as big a deal as markets think.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance PMIs, Eurozone, April 2024

In one line: Gaining steam, even though seasonals are likely behind some of the pick up. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Construction, Eurozone, February

In one line: Something funny in the data; on course for a rise in Q1 either way.

Melanie Debono (Senior Eurozone Economist)Eurozone

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Keywords for: Eurozone Documents

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