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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.

industrial production

8 Nov 2022 Eurozone Monitor Hawkish ECB-Speak is Still Consistent with 50bp in December

  • ECB speakers remain as hawkish as ever, but we still see a pivot to a 50bp hike in December.
  • German industrial production rebounded in Q3, but leading indicators point to a plunge in Q4...
  • ...The recent fall in gas prices, mild weather and rising auto production are upside risks.

Claus Vistesen (Chief Eurozone Economist)Eurozone

7 Nov 2022 Eurozone Monitor Leading Indicators Point to a Big Q4 Fall in German Manufacturing

  • Factory orders in Germany are starting to match the grim surveys; output is set for a big fall in Q4.
  • Early evidence suggests that EZ industrial output was resilient at the end of the third quarter.
  • The composite EZ PMI was revised up marginally in October, but still points to a recession ahead.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, France, September 2022

In one line: Mean-reversion from a strong rise in August; Q3 was solid overall.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: German Unemployment & Final EZ Manufacturing PMIs, October 2022

In one line: Resilience in Germany’s labour market; EZ manufacturing is in a tail-spin.

Claus Vistesen (Chief Eurozone Economist)Eurozone

13 Oct 2022 Eurozone Monitor EZ Industrial Output Struggled in Q3, Despite a Decent August

  • EZ industrial production rose strongly in August, but we still think output fell over Q3 as a whole.
  • Current levels of oil and gas prices mean that Euro- zone energy inflation will soon fall sharply.
  • Spreads between yields in Italy and Germany are nearing levels that the ECB will struggle to ignore.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, EZ, August

In one line: Headline masks struggles in energy intensive sectors. 

Melanie Debono (Senior Eurozone Economist)Eurozone

10 Oct 2022 Eurozone Monitor Hard Data through August Point to a Q3 GDP Contraction in Germany

  • German industrial output fell in August, pulled lower by weakness in energy intensive sectors.
  • Hard data through August point to German GDP falling by 0.2% q/q in Q3, consistent with our forecast.
  • The ECB's CES survey warns of sticky inflation expectations among older households.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Germany, August 2022.

In one line: Hit by falling output in energy-intensive sectors and construction.

Claus Vistesen (Chief Eurozone Economist)Eurozone

7 Oct 2022 Eurozone Monitor German Industrial Production Surprised to the Upside in August

  • German industrial production likely surprised to the upside in August, helped by a leap in auto output.
  • EZ retail sales likely fell by around 1% in Q3, pointing to another fall in consumers' spending on goods.
  • The downturn in EZ construction continued in Sep- tember, due to accelerating weakness in Germany.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Spain, August 2022

In one line: Boosted by a leap in auto production, but Q3 as a whole was poor.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Factory Orders, Germany, August 2022

In one line: Lost in translation due to volatility in aerospace orders.

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