Pantheon Publications

Below is a list of our 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.

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Claus Vistesen (Chief Eurozone Economist)

EZ Datanote: Unemployment, Germany, May 2024

In one line: Is the rise in jobless claims accelerating?

Claus Vistesen (Chief Eurozone Economist)Eurozone

4 June 2024 Eurozone Monitor All set for a hawkish first 25bp rate cut by the ECB this week

The ECB will cut its policy rate by 25bp this week, but the communication will be hawkish.
How does the ECB stay open to further easing without pre-committing to cuts? We’re about to find out.
We see little change to the ECB’s near-term inflation forecasts, assuming it is omitting the May HICP.

Claus Vistesen (Chief Eurozone Economist)Eurozone

May 2024 - EZ Economic Chartbook

THE FIRST ECB RATE CUT IS COMING...

…BUT A JULY CUT IS OUT, AND SEPTEMBER IS AT RISK TOO

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Final Manufacturing PMIs, Eurozone, May 2024

In one line: Rebounding, slowly.

Claus Vistesen (Chief Eurozone Economist)Eurozone

Global Datanote: Advance Inflation, EZ, May 2024

In one line: Services too hot to handle, but the trend isn’t 4%.

Claus Vistesen (Chief Eurozone Economist)Global

EZ Datanote: Advance Inflation, EZ, May 2024

In one line: Services too hot to handle, but the trend isn’t 4%.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Detailed GDP, Italy, 2024

In one line: Domestic demand, including inventories, rose; net exports plunged.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation & Consumers' Spending, May/Apr 2024

In one line: The HICP comes in hot; April spending dented by Easter seasonals.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Retail Sales, Germany, April 2024

In one line: Disappointing, but don’t write off Q2 consumption just yet.

Claus Vistesen (Chief Eurozone Economist)Eurozone

3 June 2024 Eurozone Monitor Services inflation in the EZ as grim as ever midway through Q2

EZ services inflation snapped back in May; it will come down eventually, but this will take a while.
The ECB will cut its policy rate this week, but hopes of a July cut are now lost; September is at risk too.
EZ consumers’ spending, ex-services, fell in April, but this was mainly due to Easter seasonals in food.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Unemployment & EC Sentiment, EZ, Apr/May 2024

In one line: The EZ labour market is in a good spot.

Claus Vistesen (Chief Eurozone Economist)Eurozone

31 May 2024 Eurozone Monitor EZ headline inflation likely rose in May, matching the consensus

Inflation in the Eurozone likely rose a touch in May, to 2.5%, in line with the consensus.
The EZ labour market is in rude health but poses no threat to the slowdown in wages and inflation, yet.
The Swiss economy performed better than initially estimated in Q1, boosted by services.

Claus Vistesen (Chief Eurozone Economist)Eurozone