Eurozone Publications
Below is a list of our Eurozone Publications for the last 6 months. If you are looking for reports older than 6 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.
Daily Monitor Chartbook
- EZ GDP growth was stung by falling inventories in Q3, offsetting a rise in public and private spending.
- The slowdown in investment is intensifying, but the outlook for household consumption is brightening.
- We now think EZ GDP will rise by 0.5% this year, and next year too; no upward inflation pressures here.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- Italian GDP increased in Q3 rather than flat-lined, as the advance release had suggested...
- ...It is still more likely to fall than rise in Q4, and we are lowering our forecasts for H1 2024.
- BTPs are rallying, and we look for further gains; we see yields falling to just over 3% by mid 2024.
Melanie Debono (Senior Eurozone Economist)Eurozone
- An ECB pivot is underway; it will be confirmed at next week’s policy meeting, and by the new forecasts.
- The January HICP report and wage data remain risks to our call for a first rate cut in March.
- Early data from France and Spain suggest euro area manufacturing slowed further at the start of Q4.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- Swiss inflation fell in November and has now been in line with the SNB’s target for six months...
- ...It will likely slide further in H1 next year, after a probable small base-effects driven rise in December.
- Coupled with weak growth, the stars should align for the SNB to start cutting its key rate by March.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- EZ inflation fell sharply in November, widening the gap between the reality and the ECB’s forecasts.
- January HICP is key for the 2024 inflation outlook; we look for a return to normal in m/m pricing.
- The ECB’s hawkish facade will soon crack; look out for a shift in messaging at the December meeting.
Claus Vistesen (Chief Eurozone Economist)Eurozone