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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.

September

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

EZ Datanote: Final PMIs, Eurozone, September 2021

  • In one line: Economic growth continued to slow at the end of Q3.  

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final PMIs, Eurozone, September 2021

  • In one line: Economic growth continued to slow at the end of Q3. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, Eurozone, September 2021

  • In one line: Still going up, but it probably won’t go much higher. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final Manufacturing PMIs, Eurozone, September 2021

  •  In one line: Nothing new; supply still being strangled by constraints at the end of Q3. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, Germany, September 2021

  • In one line: Energy inflation is still rising; the HICP core rate likely jumped.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: IFO, Germany, September 2021

  • In one line: Still falling, but signs that the decline in expectations is petering out. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: INSEE Business Sentiment & PMIs, France, September 2021

  • In one line: Softening at the edges, but consistent with a solid Q3 GDP print, all the same. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

15 Sept 2021 Will High, and Rising, Gas Prices Keep EZ Inflation Elevated?

  • The trend in oil prices suggests energy inflation will soon fall and even turn negative next year in the EZ...
  • ...But high, and rising, gas prices will offset this impact, keeping energy inflation sticky.
  • We doubt this will lead the ECB to taper more quickly, particularly if some restrictions return in winter.

Claus Vistesen (Chief Eurozone Economist)Eurozone

14 Sept 2021 How to Think about the Trajectory of EZ Fiscal Policy Next Year

  • EZ fiscal policy will tighten next year, but it will remain much more supportive than before Covid.
  • EU grants will fund public expenditure to the tune of about 0.5% of GDP in 2022, mostly in the South.
  • Public investment as a share of GDP was rising before the virus; we think this trend will continue.

Claus Vistesen (Chief Eurozone Economist)Eurozone

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Keywords for: Eurozone Documents

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