EZ Datanote: Industrial Production, Spain, February 2026

In one line: Spanish industry was performing poorly even before the energy shock. 

EZ Datanote: Industrial Production & Trade Balance, Germany, February 2026

In one line: Industrial production fell in Q1, but net trade in goods rose sharply. 

EZ Datanote: Retail Sales, Eurozone, February 2026

In one line: Decline will be exacerbated over the coming months.

EZ Datanote: Construction PMI, Eurozone, March 2026

In one line: New orders stung by surge in input prices. 

EZ Datanote: Factory Orders, Germany, February 2026

In one line: Strong gain in core orders. 

9 April 2026 Eurozone Monitor Mr. Trump 'TACOs', but inflation remains on track for a sharp rise

• US-Iran ceasefire takes the sting out of rising EZ rate expectations, but tightening remains our base case.
• Core orders in German manufacturing rose solidly in February, and surveys point to further upside.
• Retail sales in the Eurozone all but stalled in Q1, and the outlook for Q2 is poor too.

EZ Datanote: Sentix, Eurozone, April 2026

In one line: Downside risks are widening for Q2. 

8 April 2026 Eurozone Monitor France is swinging right, but can RN capitalise and win in 2027?

• France is set to swing right in the 2027 presidential election, but that’s not strictly good news for RN. 
• Big declines in energy consumption and output due to mild weather likely stung French growth in Q1. 
• French tax revenues ended 2025 on a high, bringing much relief to the embattled minority government.

2 April 2026 Eurozone Monitor Swiss inflation jumped in March, and will accelerate through 2026

• Higher energy prices in March more than offset the disinflationary impact of the strong Swiss franc....
• ....and likely pushed the headline inflation rate in Switzerland to 0.6%, from 0.1% in February.
• A surge in price-setting expectations suggests inflation will pick up quickly over the coming months.

EZ Datanote: Unemployment, Germany, March 2026

In one line: Stable, but renewed risks now loom. 

EZ Datanote: Advance Inflation & Consumers' Spending, France, March/February 2026

In one line: Risks tilted to upside for EZ inflation; spending stung by weakness in both core and energy. 

EZ Datanote: Retail Sales, Germany, February 2026

In one line: Slowing before the energy shock. 

1 April 2026 Eurozone Monitor EZ inflation will hit 3% soon, prompting two hikes by the ECB

• Inflation in the Eurozone jumped in March, and will rise further in coming months, to 3%.
• We now see higher food inflation adding 0.1pp and 0.2pp to the EZ HICP in 2026 and 2027, respectively.
• Risks are tilted towards an April hike, but we still think the ECB will wait until June.

EZ Datanote: Advance Inflation, Germany, March 2026

In one line: Up and away, and more gains are coming. 

EZ Datanote: EC ESI, Eurozone, March 2026

In one line: A hawkish signal for the ECB. 

31 March 2026 Eurozone Monitor EZ headline inflation likely hit 2.6% in March, but core fell

• German inflation soared in March, as energy prices jumped; core inflation was stable. 
• We now see EZ headline inflation at 2.6% in March, with the core dipping by 0.1pp, to 2.3%. 
• EC selling prices and consumers’ inflation outlook jumped in March, tilting hawkishly for the ECB.

EZ Datanote: State CPIs, Germany, March 2026

In one line: German inflation on track to overshoot the consensus today, slightly. 

EZ Datanote: Retail Sales, Spain, February 2026

In one line: Fiscal support isn’t going to save Spanish consumer spending in H1.