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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: Advance PMIs, Eurozone, January 2026

In one line: Decent, but now signals downside risks relative to official forecasts. 

EZ Datanote: Final Inflation, Eurozone, December 2025

In one line: The probability of further ECB easing is underpriced. 

19 January 2026 Eurozone Monitor EU-Mercosur trade deal is more geopolitics than economics

  • The Mercosur trade deal is an opportunity for Europe to regain regional influence it has ceded to China…
  • …We think EU farmers are better off than without the deal, despite their continued opposition.
  • The plunge in German inflation in December is confirmed; how far will inflation fall in January?

EZ Datanote: Full-year GDP, Germany, 2025

In one line: Back to growth; reversal of net trade drag a big upside risk to 2026 growth. 

EZ Datanote: Final Inflation, France, December 2025

In one line: One more decline coming in January before a rebound. 

12 January 2026 Eurozone Monitor Data point to relative resilience in France and Germany in Q4

  • A jump in German manufacturing points to upside risk to Q4 GDP, but we still see a modest 0.2% rise.
  • We’re lifting our Q4 growth forecast in France, by 0.2pp to 0.1%, due to strength in our nowcast model.
  • Evidence of robust Q4 GDP in France and Germany will be reassuring news for the ECB.

EZ Datanote: ESI and Unemployment, Eurozone, Dec/Nov 2025

In one line: Modestly hawkish as selling prices rise and unemployment dips.

EZ Datanote: EZ Construction PMIs & German Unemployment, December 2025

In one line: A modest improvement in EZ construction; no change in Germany’s labour market.   

EZ Datanote: Retail Sales, Germany, November 2025

In one line: Poor, but still consistent with slightly better growth in Q4.

EZ Datanote: PMIs, Switzerland, December 2025

In one line: Dire straits in manufacturing, but big improvement in services.

5 January 2026 Eurozone Monitor Time to stress-test the relatively benign outlook for early 2026

  • The hawkish shift in the ECB’s December forecasts has increased the risk of easing in early 2026.
  • Growth in Spain was revised down slightly, with inflation staying sticky at the end of 2025.
  • EZ M1 growth is stabilising at a modest pace, while manufacturing PMIs signal downside risk to industry.
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independent macro research, Eurozone Document Vault, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence,