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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.

EZ Datanote: Unemployment & State CPIs, Germany, January 2025

In one line: Unemployment is still rising; soft state CPIs can’t be extrapolated to the HICP.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Retail Sales, Germany, December 2024

In one line: A poor finish to 2024, but probably not as bad as initially reported.

Claus Vistesen (Chief Eurozone Economist)Eurozone

3 February 2025 Eurozone Monitor Risks tilted slightly to the downside for EZ headline inflation today

  • We now see EZ headline inflation unchanged at 2.4% in January, with a 0.1pp dip in the core, to 2.6%.
  • Selling price expectations are rising in Germany and France, but core inflation will dip further in Q1.
  • Is the consumption recovery in the Eurozone finally kicking in? We think so.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance GDP, EZ, Q4 2024; Unemployment, EZ, December 2024; ESI, EZ, January 2025

In one line: GDP growth slowed at end-2024 despite continued strength in the labour market. ESI points to better times ahead.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance GDP, France, Q4-24

In one line: A drop, as expected, but the details point to robust domestic demand.

Claus Vistesen (Chief Eurozone Economist)Eurozone

31 January 2025 Eurozone Monitor The ECB can't dodge questions on the neutral rate for much longer

  • The ECB eased policy further, as expected, but it is now likely closer to neutral than markets think. 
  • EZ GDP stagnated in Q4, held back by declines in the two largest economies, Germany and France. 
  • The first national inflation figures for January lead us to raise our call for EZ core inflation, due out today.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Money Supply, Eurozone, December 2024

In one line: Ignore headline fall; M1 growth is still accelerating.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: GfK Consumer Confidence, Germany, February 2025

In one line: Poor, but far from conclusive for consumption growth in Q1.

Claus Vistesen (Chief Eurozone Economist)Eurozone

30 January 2025 Eurozone Monitor Spain's economy still on a tear; Italy makes a good start to 2025

  • Spanish GDP rose by 0.8% q/q in Q4, and by 3.2% over 2024 as a whole, beating expectations. 
  • Growth will likely slow this year but remain stellar, such that Spain outperforms the big three, again. 
  • The IESI suggests Italian GDP growth will remain decent in Q1, after likely rebounding in Q4.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ECB BLS, EZ, Q4 2024

In one line: Political uncertain forces banks to tighten lending standards again. 

Melanie Debono (Senior Eurozone Economist)Eurozone

January 2025 - EZ Economic Chartbook

ECB HAS FURTHER ROOM TO EASE POLICY...

  • ...BUT WE ARE CLOSER TO NEUTRAL THAN MARKETS BELIEVE

Claus Vistesen (Chief 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,