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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.

Eurozone

EZ Datanote: Sentix, Eurozone, December 2021

In one line: New restrictions and Omicron weigh on sentiment. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Retail Sales, Eurozone, October 2021

In one line: Will online sales offset the impact from falling footfall?

Melanie Debono (Senior Eurozone Economist)Eurozone

3 Dec 2021 Yet Another Forecast Downgrade, this Time for Swiss GDP Growth

  • Another rise in consumption pulled Q3 GDP in Switzerland above its pre-pandemic level.
  • But activity is now softening; fast-falling surveys force us to cut our Q4 GDP estimate.
  • The franc will strengthen further; we look for EURCHF of 1.03 at end-21 and 1.02 by mid-2022.

Claus Vistesen and Melanie DebonoEurozone

EZ Datanote: Final Manufacturing PMIs, Eurozone, November 2021

In one line: Still no signs of easing supply constraints in the surveys. 

Melanie Debono (Senior Eurozone Economist)Eurozone

1 Dec 2021 Inflation is on Fire, but Not for Much Longer

  • EZ inflation is running red hot, hitting a record high of 4.9% in November.
  • Shipping costs to the Eurozone's most important trading partners are still rising...
  • ...Still, the fall in global measures points to shipping costs dragging headline inflation down.

Claus Vistesen and Melanie DebonoEurozone

EZ Datanote: Advance Inflation, Eurozone, November 2021

In one line: A record high, but it still doesn’t justify rate expectations. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance PMIs, Eurozone, November 2021

In one line: Better than expected but still points to slower GDP growth. 

Melanie Debono (Senior Eurozone Economist)Eurozone

23 Nov 2021 Will Bund Yields Rise to Zero Next Year, If the Virus is Contained, Yes

  • Supply-demand dynamics remain supportive for low yields in EZ government bonds...
  • ...This balance will shift next year, but underlying support from the ECB will remain robust overall.
  • The trend in German net debt issuance points to bund yields rising next year, to at least zero.

Claus Vistesen and Melanie DebonoEurozone

19 Nov 2021 A Sinking Euro Adds to the Upside Risk for the ECB's CPI Forecasts

  • Euro depreciation adds additional upside risk to the ECB's December core inflation forecasts.
  • The outlook for relatively rapid Fed tightening is leading the euro lower, but fundamentals matter too.
  • Recent comments from Isabel Schnabel suggest the ECB is o.k. with expectations of a hike in 2023.

Claus Vistesen and Melanie DebonoEurozone

18 Nov 2021 EZ Inflation will Cool in Q1, but Keep a Close Eye on Services

  • Inflation in the Eurozone is still rising, but it will cool next year as core goods and energy inflation ease…
  • …But rising services inflation will keep the core rate uncomfortably high for the ECB in H1 22.
  • Construction output in the EZ rebounded at the end of Q3; we look for further gains through Q4.

Claus Vistesen and Melanie DebonoEurozone

EZ Datanote: Final Inflation, Eurozone, October 2021

In one line: A few more high numbers are on the way, before the drop in Q1. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Construction, September 2021

In one line: A rebound, at last; all set for a solid Q4.  

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Trade Balance, EZ, September 2021

In one line: Still sinking; a wider deficit with China is primarily to blame.

Claus Vistesen (Chief Eurozone Economist)Eurozone

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