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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.

Datanotes Weekly Monitor Claus Vistesen (Chief Eurozone Economist)

EZ Datanote: INSEE Business Confidence, France, September 2024

In one line: Better, but still consistent with weak growth in domestic demand.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Current Account, Eurozone, July 2024

In one line: Pushed down by a reversal in the primary income balance.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Construction, Eurozone, July 2024

In one line: Q3 carry-over looks o.k., but survey data remains depressed.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final Inflation, Eurozone, August 2024

In one line: Services inflation revised down marginally; headline to fall further in September.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Trade Balance & Labour Costs, EZ, July/Q2

In one line: EZ trade pulled lower by imports in July; hourly labour cost growth remained elevated in Q2.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final Inflation, France, August 2024

In one line: Held down by falling energy inflation; the core firmed.

Claus Vistesen (Chief Eurozone Economist)Eurozone

16 September 2024 EZ Monitor ECB in a decent position ahead of tricky Q4 decisions

  • One more ECB rate cut this year is a good baseline, but the probability of two has increased.
  • Surveys point to downside risks for core inflation in France, but we still look for a rebound in Q4.
  • The misery in EZ manufacturing continued at the start of Q3, despite a boost from Ireland.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: ECB Rate Decision, September

In one line: As expected; plenty to talk about on the press conference. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

9 September 2024 EZ Monitor Friday's data offer more reasons for further ECB rate cuts

  • EZ GDP rose less than expected in Q2, mainly due to downward revisions to French and Irish GDP.
  • Consumption and investment held back growth, while net trade did all the heavy lifting.
  • Compensation-per-employee growth eased, in line with other measures of wage growth.

Claus Vistesen (Chief Eurozone Economist)Eurozone

2 September 2024 EZ Monitor ECB September rate cut is a go; October easing growing in favour

  • EZ inflation fell to its lowest since July 2021 in August, marginally above the ECB’s target...
  • ...The Bank will find it hard to justify its current restrictive stance, especially with wage growth easing.
  • We think a September rate cut is more likely than not and keep our October cut in too, for now.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance PMIs, France, August 2024

In one line: Services boosted by the Olympics; manufacturing is sinking without a trace.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final Inflation, Eurozone, July 2024

In one line: Energy inflation will back in August and September; the core will remain high.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Current Account, Eurozone, June 2024

In one line: A record high, but not sustainable; net portfolio flows are shifting.

Claus Vistesen (Chief Eurozone Economist)Eurozone

19 August 2024 Eurozone Monitor We think EZ net trade in goods is now switching to drag on growth

  • The Eurozone’s trade surplus rebounded in June, but net trade in goods likely dragged on growth in Q2.
  • We’re expecting this net trade drag on growth to continue for up to 12 months.
  • The trend in import growth, however, remains much weaker than implied by our consumption forecasts.

Claus Vistesen (Chief Eurozone Economist)Eurozone

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