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 Daily Monitor
In one line: Falling imports boost surplus.
- German auto output rebounded in September, but will this be included in the first Q3 GDP estimate?
- Construction investment rose in Q3, but net trade and consumption likely remained sluggish.
- We now think the first Q3 GDP estimate in Germany will show that output fell by 0.2% quarter-to-quarter.
In one line: Ugly, but stung by one-off distortions.
- Italy’s deficit will shrink this year but still exceed the EU’s 3%-of-GDP limit and the government’s target.
- Its 2026 budget plans are mildly expansionary, including a cut to taxes for middle-income earners…
- ...while little consensus on offsetting revenue-raising measures exists among the coalition.
- The reversal of tariff front-running is weighing on German export orders, but is the worst over?…
- …Revisions to sales data suggest that industrial output was weaker in Q3 than we thought.
- Early data indicate that EZ industrial production fell by 0.2% in August, partially reversing the rise in July.
- France has lost another Prime Minister; how many more times will Mr. Macron play the same hand?
- Eurozone retail sales and Spanish industrial production growth likely slowed in Q3.
- The PMIs point to continued weakness in EZ construction, but investor sentiment is still upbeat.
In one line: Spending on goods in EZ went nowhere in Q3.
In one line: Not quite the catch up we expected but still pointing to upside risks to growth.
In one line: Not pretty, but the official numbers are better.
In one line: Down marginally, likely rebounded in September.
In one line: On track for a boost to Q3 GDP growth.
In one line: Nothing to see, the trend is flat.
In on line: At 0.2% for third straight month.
- Swiss inflation held at 0.2% for the third straight month; it will remain stuck near zero until Q2 2026.
- The SNB has said it will ignore negative inflation prints in the near term…
- ...We expect the next rate move to be up, in 2027, despite downside risks to our inflation forecasts.
In on line: Rebounding, but tariff-sensitive manufacturing is weakening.
- Decimals proved dovish in the September HICP, but the main message from the report is hawkish.
- We still see EZ inflation above 2% in Q4, which would make it difficult for the ECB to cut in December.
- We’re lowering our inflation forecasts slightly, but our baseline remains higher than the ECB’s.
In one line: Risks tilted to an upside surprise in the CPI; jobless claims should fall back next month.
In one line: Inflation up, but less than we expected; spending, ex-services is flat.
