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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

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Datanotes Weekly Monitor Claus Vistesen (Chief Eurozone Economist)

EZ Datanote: Advance GDP, France, Q1 2025

In one line: Barely growing, and trade uncertainty could well keep it that way in 2025. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Money Supply & ECB Inflation Expectations, March 2025

In one line: EZ inflation expectations jumped on the eve of the tariff shock. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: INSEE Business Confidence, France, April

In one line: French industry intends to make hay while the sun is still shining.

Claus Vistesen (Chief Eurozone Economist)Eurozone

28 April 2025 Eurozone Monitor Robust inflation and growth data to lift EZ bond yields this week

  • Our forecasts for Q1 GDP and the April HICP imply upside risk for ECB rate expectations this week.
  • Robust national business surveys point to upside risk to our Q2 forecasts for GDP in Germany and France.
  • Tariff front-running seems to be just what the doctor ordered for manufacturing in France.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: INSEE Consumer Confidence, France, April

In one line: Resilient, but labour market prospects remain difficult.

Claus Vistesen (Chief Eurozone Economist)Eurozone

22 April 2025 Eurozone Monitor A dovish, but also conditional, pivot from the ECB

  • The ECB is making a dovish shift, conditional on a benign tariff outcome for core inflation.
  • Energy prices and the euro can be cruel mistresses for policymakers looking for signals on inflation.
  • Markets are pricing in the tail-risk for ECB rates; we still think the Bank will be more conservative.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Detailed Inflation, Eurozone, March 2025

In one line: Falling oil prices and a stronger euro are gifts to ECB doves.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Detailed Inflation, France, March 2025

In one line: Soft, but selling prices point to upside risks for the core.

Claus Vistesen (Chief Eurozone Economist)Eurozone

14 April 2025 Eurozone Monitor The ECB will cut by 25bp this week but offer little guidance

  • The ECB will cut its deposit rate by 25bp this week, in line with the consensus.
  • Falling oil prices and a strengthening euro point to downside risk to the ECB’s June inflation forecasts.
  • ‘Uncertainty’ will be a key word for Ms. Lagarde this week, but doves have the upper hand, for now.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production & Trade, Germany, February

In one line: German industry likely had a great Q1, but what awaits in Q2? 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, France, February 2025

In one line: Not enough to salvage Q1, but the 3m/3m trend is turning up.

Claus Vistesen (Chief Eurozone Economist)Eurozone

Factory Orders, Germany, February 2025

In one line: Growth and the surveys were picking up, before Mr. Trump’s tariff hammer.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, Germany, March 2025

In one line: We now see the March EZ HICP up by 0.7% m/m, and by 2.2% y/y.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: State CPIs, Germany, March 2025

In one line: Headline in line with consensus; core looks strong considering Easter effects. 

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,