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  • EZ industrial production had a neutral impact on EZ GDP in Q3, if you believe Eurostat’s figures. 
  • Construction, meanwhile, is set to have been a drag, while services pulled GDP up by 0.2%. 
  • Surveys point to a jump in services output ahead, but meagre moves in construction and industry.

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Keywords for: 14 November 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence