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  • EZ retail sales dipped in January but likely will be revised higher; French industry rebounded. 
  • Mr. Trump’s threats to cut off Spanish exports lack teeth; he is unlikely to restrict US LNG exports either.
  • Spanish industry will feel less pain than its ‘big four’ peers if energy prices remain elevated.

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Keywords for: 6 March 2026 Eurozone Monitor

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