Pantheon Macroeconomics

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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

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: ESI, EZ, April 2025

In one line: Down but pointing to higher inflation expectations.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ISTAT Confidence, Italy, April 2025

In one line: Business sentiment sours on pessimism in services.  

Melanie Debono (Senior 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: Advance GDP, Spain, Q1 2025 & Advance Inflation, Spain, April 2025

In one line: Growth slowed but remained solid; Inflation comes in below expectations.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Retail Sales, Spain, March 2025

In one line: In line with our view that consumer spending growth is now slowing.

Melanie Debono (Senior 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: IFO, Germany, April 2025

In one line: Lifted by tariff front-running, still pointing to downside risks to growth. 

Melanie Debono (Senior 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

EZ Datanote: Trade & construction, EZ, February 2025

In one line: Don’t show Donald Trump the trade charts; Construction down but still defied surveys in Q1

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Flash PMIs, Germany, April 2025

In one line: As in France, domestic demand is rattled by tariff concerns and PMI shows clear signs of tariff front-running.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Flash PMIs, France, April 2025

In one line: Fastest fall in demand for services since Covid pulls down the headline.

Melanie Debono (Senior 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

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