EZ Datanote: ISTAT Business Confidence, Italy, January 2026

In one line: Italian economy starts the year on strong footing. 

EZ Datanote: IFO Business Climate Indicator, Germany, January 2026

In one line: Stable, in contrast with rise in PMI and ZEW.

EZ Datanote: Advance EC Consumer Confidence, Eurozone, January 2026

In one line: EZ consumers seem to be beating the January blues.

22 January 2026 Eurozone Monitor EU and India, both scorned by Trump, set to sign a trade deal

• The EU, following the Mercosur deal, looks all set to sign the “mother of all deals” with India.
• A trade deal involving energy could secure key markets for EU manufacturing, and energy imports. 
• Both India and the EU are motivated to get a deal done at the end of January. 

EZ Datanote: ZEW, Germany, January 2026 & Construction Output, Eurozone, November 2025

In one line: Investor were optimistic ahead of the stand-off over Greenland; EZ construction sector turning a corner.

EZ Datanote: Industrial Production, Italy, November 2025

In one line: Italian industry bounces back.

14 January 2026 Eurozone Monitor We look for punchy Q4 GDP growth in both Italy and Spain

• We are revising up our Q4 GDP forecast for Spain, to reflect solid retail sales and industrial output data…
• …Spanish GDP likely rose by a punchy 0.7% in Q4, a touch better than in the third quarter. 
• We still see an increase in Q4 growth in Italy, as the balance between net trade and inventories improves.

EZ Datanote: Sentix Economic Index, Eurozone, January 2026

In one line: New year, newfound optimism. 

EZ Datanote: Retail Sales, Eurozone, November 2025

In one line: Q4 was better than Q3. 

EZ Datanote: Industrial Production, Spain, November 2025

In one line: Spanish industry had a solid November.