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30th Apr 2025 10:17EurozoneDaily Monitor

  • We now think EZ investment is falling, mainly due to sustained weakness in machinery and equipment. 
  • Leading indicators for construction and services capex look solid, at least before the tariff shock. 
  • Surveys point to downside risks for inventories in H1, but brace for significant volatility this year.

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Keywords for: 2 May 2025 Eurozone Monitor

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