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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.

Freya Beamish (Chief Asia Economist) Melanie Debono (Senior Eurozone Economist)

EZ Datanote: Detailed Inflation, France, February 2025

In one line: Unchanged from initial estimate; will rebound in March. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Detailed Inflation, Germany, February 2025

In one line: Downward revision to HICP rate signals bigger fall in EZ headline in February. 

Melanie Debono (Senior Eurozone Economist)Eurozone

13 March 2025 Eurozone Monitor Wage growth measures all now easing; ECB turning hawkish?

  • Growth in compensation-per-employee and the ECB’s wage tracker are easing… 
  • ...in line with other measures of EZ wage growth, pointing to a sustained slowdown this year. 
  • We doubt that wage growth will fall to close to 1%, as implied by the ECB’s wage tracker.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Sentix, Eurozone, March 2025

In one line: Surging, thanks to Germany’s “whatever it takes” moment. 

Melanie Debono (Senior Eurozone Economist)Eurozone

12 March 2025 Eurozone Monitor Services still doing the heavy lifting for the EZ economy

  • Services production was up sharply in Q4, thanks to continued strength in IT services. 
  • Surveys remain positive on the outlook for services, and the sector will lead the increase in GDP in Q1. 
  • Our nowcast model is looking ugly, but we reiterate our call for a pick-up in EZ GDP growth, for now.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Detailed GDP, Eurozone, Q4 2024

In one line: Revised up thanks to a solid showing from domestic demand.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Detailed GDP, Italy, Q4 2024

In one line: Italian growth fared better than previously thought in Q4, and should now pick up.  

Melanie Debono (Senior Eurozone Economist)Eurozone

7 March 2025 Eurozone Monitor The ECB will pause in April, conditional on US trade policy

  • The ECB is playing it safe; trade uncertainty outweighs upside risks from fiscal stimulus, for now. 
  • April is wide open, but the ECB will pause its easing unless it perceives US tariffs on a sustained basis. 
  • The ECB has pushed out the point at which inflation hits 2%; it will soon have to abandon the idea entirely.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: PMI, Switzerland, February 2025

In one line: Consistent with another 0.5% q/q increase in GDP in Q1; price pressures rising.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ECB Consumer Inflation Expectations, EZ, January & Unemployment, Germany, February

In one line: EZ inflation expectations ease back; further increases in German unemployment are on the way.

Melanie Debono (Senior Eurozone Economist)Eurozone

3 March 2025 Eurozone Monitor EZ inflation likely undershot the consensus in February

  • Eurozone headline and core inflation likely undershot the consensus in February.
  • Today’s data should be the first clear sign that EZ services inflation is now falling, from a trend of 4%.
  • EZ consumers’ spending on goods saw a slow start to 2025, but don’t write off Q1 just yet.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ISTAT Confidence, Italy, February 2025

In one line: Business sentiment eases despite improvement in manufacturing. 

Melanie Debono (Senior 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,