Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

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.

non-energy goods

23 Nov 2022 Eurozone Monitor The EZ Current Account Deficit will Continue to Narrow, For Now

  • Services exports have held back the EZ services balance since June, despite the summer tourist season.
  • Risk aversion means EZ investors again dumped foreign assets in September; this will continue.
  • The rise in prices of durable goods items, which is partly driving core inflation higher, is broad-based.

Claus Vistesen (Chief Eurozone Economist)Eurozone

18 Nov 2022 Eurozone Monitor Core Inflation Likely is now Falling, but the Downshift will be Slow

  • EZ core goods inflation will rise a bit further in the near term, but services inflation should now ease.
  • The reversal in margin pressure points to a sustained fall in EZ core inflation, but it will take a long time.
  • We think core inflation will stay above 3% through the first half of 2023, maintaining pressure on the ECB.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Trade Balance, Eurozone, July

In one line: Imports will rollover as the economy heads for recession.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Spain, July 2022

In one line: No signs that the gas price cap is helping industrial firms yet.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Trade Balance, France, July 2022

In one line: Still-widening, but don’t forget the rising trend in net services trade.

Claus Vistesen (Chief Eurozone Economist)Eurozone

7 Sept 2022 Eurozone Monitor We Think the ECB will go Big This Week, but It's a Close Call

  • We look for a 75bp hike from the ECB this week, but the consensus is evenly split between this and 50bp.
  • Ms. Lagarde will be asked about the terminal and neutral rates; will she get pinned down on a number?
  • Factory orders in Germany fell further in July, and turnover points to a decline in production.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Trade Balance, France, May 2022

In one line: Net exports likely were a drag on growth in Q2.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production & Trade, EZ, April

In one line: Services will offset weakness in industry in Q2; EZ trade deficit widens to a new record.  

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Italy, April 2022

In one line: Italian industry will support GDP growth in Q2, unlike its counterpart in Germany.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Trade Balance, France, April 2022

In one line: A still-wide deficit in goods somewhat offset by a surplus in services.

Claus Vistesen (Chief Eurozone Economist)Eurozone

8 June 2022 Manufacturing will Weigh on Q2 GDP Growth in Germany

Industrial production in Germany rebounded in April, but a fall in Q2 as a whole is virtually guaranteed.

Rebounds in services and net trade should drive a Q2 increase in German GDP, by around 0.5%.

We think German GDP will rise by 1.4% and 1.7% in 2022 and 2023, respectively, below the consensus.

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

  Publication Filters

Change View: List   Small Grid  

Filter by Keyword

Filter by Region

Filter by Publication Type

Filter by Date
(6 months only; older publications available on request)

  Quick Tag Filters

Consistently Right
Access Key Enabled Navigation
Keywords for: Eurozone Documents

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