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Eurozone Publications

Below is a list of our Eurozone Publications for the last 5 months. If you are looking for reports older than 5 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.

Daily Monitor Datanotes Melanie Debono (Senior Eurozone Economist)

EZ Datanote: Trade Balance, Germany, October 2025

In one line: Rise in surplus propped up by trade with EU partners. 

9 December 2025 Eurozone Monitor German data suggest EZ industry started Q4 on a strong footing

  • German industry enjoyed a strong start to Q4 and points to a solid October for EZ industry. 
  • French and German construction data suggest EZ construction also had a decent October. 
  • The first investor sentiment gauge for December, while subdued, still implies upside risk to EZ GDP.

EZ Datanote: Sentix, Eurozone, December 2025

In one line: Ending the year on a slightly more cheerful note. 

EZ Datanote: Industrial Production, France & Spain, October 2025

In one line: Spanish industry outperforms its French counterpart early in Q4. 

EZ Datanote: PMI, Switzerland, November 2025

In one line: Swiss economy still struggling according to PMI.

5 December 2025 Eurozone Monitor Recent days' data a mixed bag, but we maintain a positive view

  • The EZ composite PMI was revised up in November, pointing to stronger growth in Q4...
  • ...But early hard data for October are weak, and the PMI points to softness in construction.
  • Switzerland’s PMIs suggest recession risk remains despite the US-Swiss trade deal.

4 December 2025 Eurozone Monitor SNB to stand pat next week despite fall in inflation

  • Swiss inflation is now at the bottom end of the SNB’s 0-to-2% inflation target range.
  •  It will likely fall further in the near term, to a trough of -0.2% or so, before rising gradually.
  • The SNB will ignore sub-zero inflation; it is focused on inflation in the medium term. SNB easing is over.  

EZ Datanote: Inflation, Switzerland, November, 2025

In one line: Inflation has further to fall, but SNB easing is done.

2 December 2025 Eurozone Monitor Swiss and Italian GDP recovering; their fortunes will diverge in 2026

  • Italian GDP was held back in Q3 by another drop in inventories; these should rebound next year…
  • ...Growth will pick up in 2026 as the outlook for net trade is also now brightening.
  • In Switzerland, GDP will bounce back in Q4 from the drop in Q3, but growth will slow next year.

EZ Datanote: ECB Consumer Inflation Expectations, EZ, October 2025

In one line: Households' inflation expectations stubbornly above ECB target.

EZ Datanote: Retail Sales, Spain, October 2025

In one line: Spanish households' spending spree is coming to an end.

EZ Datanote: ESI, EZ, November 2025

In one line: Another survey suggesting ECB easing is over.

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Keywords for: Eurozone Documents

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