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.
Melanie Debono (Senior Eurozone Economist) Ian Shepherdson (Chief Economist, Chairman and Founder)
In one line: Holding steady at a low level.
- The slowdown in EZ GDP growth in Q2 was confirmed, mainly due to weakness in industry.
- Industry will likely be a bigger drag on GDP in Q3, and the strength in construction will not continue.
- The labour market continues to support GDP growth; surveys suggest employment will stay solid.
In one line: Stabilisation.
In one line: Down, in line with the fall in the sentix.
- Swiss GDP growth likely slowed sharply in Q2 from the 0.8% q/q read in Q1 led by tariff front-running.
- Hard data and surveys imply a print of around 0.2% quarter-to-quarter.
- Switzerland will enter recession in H2, even if “gold will not be tariffed!”.
- The ZEW confirms the message from the Sentix: investors don’t like the EU-US trade deal.
- Investor sentiment indices still point to a rise in the PMI in the coming months, but we doubt it.
- The EZ economy will struggle now that US tariffs have risen further.
In one line: A small increase in both June and Q2 overall.
In one line: Where is the light at the end of the tunnel?
In one line: Decent, and Q3 looks set to be good too.
In one line: Investors give EU-US trade deal a thumbs down.
In one line: Ugly all round.
- Swiss headline inflation rose in July, lifting our profile for the coming months…
- ...But downside risks are mounting, not least as we now see a recession in H2 from higher trade tariffs.
- We still expect the SNB to cut its key policy rate by 25bp in September, to -0.25%.
In one line: Above consensus; September cut hangs in the balance.
In one line: Holding steady at a record low.
In one line: Downtrend in jobless claims won’t last long.
- HICP inflation held steady in France in July, but dipped in Germany and Italy.
- The month-to-month changes in HICP prices point to EZ headline inflation staying at 2.0% in July.
- EZ unemployment was unchanged at a record low in June; we still expect a small rise by year-end.
In one line: EZ GDP growth slows from tariff front-running boost in Q1.
In one line: Another big increase in Spanish GDP.
- Spanish GDP rose by a whopping 0.7% quarter-to-quarter in Q2, after 0.6% in Q1.
- Growth in the Iberian country will now likely slow, but not as much as we previously thought.
- The Spanish and Belgian data—released yesterday—are still consistent with 0.2% growth in the EZ in Q2.
In one line: September cut less certain?
