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Eurozone Publications

Below is a list of our Eurozone Publications for the last 5 months. If you are looking for reports older than 5 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: Flash PMIs, Germany, November 2025

In one line: Private sector activity growth slows but Q4 still set to be better than Q3.

24 November 2025 Eurozone Monitor PMIs for November show little reason for an ECB cut in December

  • The tiny fall in the EZ composite PMI in November still leaves it pointing to stronger GDP growth in Q4.
  • The PMIs also indicate rising price pressures, signalling little need for another ECB cut this year.
  • EZ negotiated wage growth dropped in Q3, but this is not the start of a new trend.

17 November 2025 Eurozone Monitor Q3 EZ GDP increase confirmed; EZ-US trade surplus jumps

  • The paltry 0.2% increase in EZ GDP in Q3 was confirmed, with minimal new country data.
  • Trade figures suggest the drag from net trade in goods in Q2 disappeared in Q3…
  • …The main impetus was a jump in exports to the US, which is unlikely to last.

EZ Datanote: ZEW, Germany, November 2025

In one line: A minor dip; investor sentiment still signals a solid PMI.

EZ Datanote: Trade Balance, Germany, September 2025

In one line: Exports to the US rebounding; deficit with China widening.

10 November 2025 Eurozone Monitor Swiss GDP fell in Q3 and the economy is now likely in recession

  • Swiss GDP is likely to have fallen outright in Q3, as US trade tariffs were hiked and unemployment rose.
  • The ECB wage tracker implies EZ wage growth eased in Q3 and will slow further out to mid-2026.
  • The ECB is not about to end QT, like the Fed; we expect a continued steady run-off, for now.

EZ Datanote: Advance Inflation, EZ, October 2025

In one line: Only a washout in November can deliver an ECB rate cut now. 

EZ Datanote: Advance Inflation, France, October 2025

In one line: In line with our forecast; a coin toss between 2.1% and 2.2% on the EZ HICP.

EZ Datanote: ECB Press Conference, October 2025

In one line: Thin gruel, but a bit of clarity on the ECB’s ETS2 assumptions. 

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Keywords for: Eurozone Documents

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