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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.

investors

29 July 2022 EZ Monitor German core HICP inflation is still rising; it will peak in September

HICP core inflation in Germany rose further in July; it will peak in September, at just under 4%.

Energy inflation in Germany is now falling, but upside risks in gas and electricity are still substantial.

ESI sank in July, adding to the evidence of a significant slowdown in the EZ economy.

Claus Vistesen (Chief Eurozone Economist)Eurozone

16 May 2022 Is it Safe for Investors to Start Buying Eurozone Equities?

The medium-term outlook for EZ equities has improved significantly in the past 12 months...

...But earnings expectations have to fall further in the near term, weighing on prices over the summer.

EZ manufacturing will slow sharply in Q2; core inflation pressures in France have intensified.

Claus Vistesen (Chief Eurozone Economist)Eurozone

16 Feb 2022 Growth is Slowing, Temporarily, but Employment is Looking Strong

  • Slowdowns in Germany and Austria weighed on the Eurozone economy in the fourth quarter…
  • …But employment rose strongly, consistent with robust surveys and monthly claims data.
  • The Eurozone's trade deficit widened in December, thanks to soaring imports.

Claus Vistesen (Chief Eurozone Economist)Eurozone

28 Jan 2022 Resilient Consumer Sentiment Not Enough to Limit Fall in Spending

  • Consumer confidence data in January point to a decent quarter for consumption in Q1...
  • ...But other surveys and near-real-time data suggest otherwise. The good news is that Q2 will be better.
  • Reactivation of the counter-cyclical capital buffer signals the return of "normality" for Swiss banks.

Melanie Debono (Senior Eurozone Economist)Eurozone

26 Jan 2022 All Change in EZ Bond Markets Post Covid, or More of the Same?

  • The ECB will buy most of what governments need to issue this year, but 2023 will be different.
  • We look for bund yields to rise to 0.5% by mid-2023, with the 2s10s yield curve steepening to 90bp.
  • Our baseline is for constant BTP spreads; this implies yields at 1.8% by the middle of next year.

Claus Vistesen and Melanie Debono (Eurozone Team)Eurozone

20 Jan 2022 Will the Real Trade Data in the Eurozone Please Stand Up?

  • The EZ's trade surplus in goods is a lot perkier if we choose to believe the ECB's current account data.
  • Net services exports likely jumped in Q4, but this means intellectual property investment plunged.
  • EZ portfolio outflows are now slowing, belatedly; inflows signal trouble for equities in 2022.

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