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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: Money Supply, Eurozone, January 2025

In one line: Upturns in real M1 growth and credit impulse continue.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: INSEE Consumer Confidence, France, February 2025

In one line:  Decent headline, but rising unemployment fears is a red flag. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Detailed GDP, Germany, Q4-24

In one line: Stung by plunge in net exports; consumption is now growing, but weakly.

Claus Vistesen (Chief Eurozone Economist)Eurozone

24 February 2025 Eurozone Monitor EZ PMIs held back in February by crashing French services data

  • The upturn in the EZ PMIs stalled in February, due to a plunge in the French services index.
  • Near-term outlook for services output is still decent, and the PMIs signal green shoots in industry, again.
  • ECB hawks will focus on rebounding services prices; doves will note weak French labour-market data.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PM Datanote: Final Inflation, France, January

In one line: Revisions in healthcare lifts CPI inflation from initial estimate. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

17 February 2025 Eurozone Monitor ECB A truce in Ukraine is no panacea for still-elevated EZ energy prices

  • A peace deal or ceasefire in Ukraine is unlikely to drive near-term relief in Eurozone energy prices.
  • The EZ GDP growth slowdown in Q4 was smaller than previously thought...
  • ...And EZ productivity growth picked up; or did it? Our ECB call is unchanged either way.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final Inflation, Germany, January 2025

In one line: Soft in CPI, but the core HICP is sticky, and selling prices are rebounding.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production & Trade, Germany, December 2024

In one line: Output stung by falling auto production; exports finish 2024 on a strong note.

Claus Vistesen (Chief Eurozone Economist)Eurozone

10 February 2025 Eurozone Monitor ECB policymakers will struggle to stay neutral on neutral

  • Attempts by the ECB to persuade markets to give up focusing on the neutral rate are laudable, but futile.
  • The ECB’s own forecasts suggest that the policy rate should stabilise at neutral, wherever that is.
  • EZ industrial production fell sharply in December, but we look for a solid rebound in January.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Factory Orders, Germany, December 2024

In one line: Signs of underlying strength, despite boost from major orders.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Unemployment & State CPIs, Germany, January 2025

In one line: Unemployment is still rising; soft state CPIs can’t be extrapolated to the HICP.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Retail Sales, Germany, December 2024

In one line: A poor finish to 2024, but probably not as bad as initially reported.

Claus Vistesen (Chief Eurozone Economist)Eurozone

3 February 2025 Eurozone Monitor Risks tilted slightly to the downside for EZ headline inflation today

  • We now see EZ headline inflation unchanged at 2.4% in January, with a 0.1pp dip in the core, to 2.6%.
  • Selling price expectations are rising in Germany and France, but core inflation will dip further in Q1.
  • Is the consumption recovery in the Eurozone finally kicking in? We think so.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance GDP, EZ, Q4 2024; Unemployment, EZ, December 2024; ESI, EZ, January 2025

In one line: GDP growth slowed at end-2024 despite continued strength in the labour market. ESI points to better times ahead.

Claus Vistesen (Chief Eurozone Economist)Eurozone

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Keywords for: Eurozone Documents

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