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Eurozone Publications

Below is a list of our Eurozone 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

Please use the filters on the right to search for a specific date or topic.

Melanie Debono (Senior Eurozone Economist) Miguel Chanco (Chief EM Asia Economist)

EZ Datanote: GDP Flash, Switzerland, Q2 2024

In one line: Resilient to weak German activity and much better than we anticipated.

Melanie Debono (Senior Eurozone Economist)Eurozone

16 August 2024 Eurozone Monitor Energy inflation will fall in coming months, but Q4 upside risks loom

  • Energy inflation remains on track for a big fall in coming months, but it will rebound into year-end.
  • EZ headline inflation will fall to within touching distance of 2% in August, but will snap back in Q4.
  • Swiss GDP outpaced the Eurozone average in Q2, as industry fared better than we anticipated.

Melanie Debono (Senior Eurozone Economist)Eurozone

13 August 2024 Eurozone Monitor Italy raises tax for wealthy...it's not enough; SNB tries to weaken CHF

  • Italy’s new wealth tax on foreign income will help public finances but won’t balance the books… 
  • ...Spending needs to come down, and significantly, to get Italy away from a near 6% deficit this year.
  • As expected, the SNB intervened to stem the rise in the franc last week; more CHF sales will be needed.

Melanie Debono (Senior Eurozone Economist)Eurozone

9 August 2024 Eurozone Monitor Swiss GDP preview: GDP growth underperformed the EZ in Q2

  • Swiss industry likely had another tough quarter in Q2 and services turnover data to May disappoint. 
  • We doubt GDP fell, however, as implied by the PMI; it has underestimated growth since Q4 2022. 
  • We have pencilled in zero growth in Switzerland in Q2, after a 0.3% quarter-on-quarter increase in Q1.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Retail Sales, EZ, June 2024

In one line: Sales fell, but German data are missing again.

Melanie Debono (Senior Eurozone Economist)Eurozone

6 August 2024 Eurozone Monitor Are we seeing an unsustainable housing boom in Spain? Unlikely.

  • House prices in Spain are currently higher than during the house price bubble in 2005-to-2008… 
  • ...But the current increase doesn’t look unsustainable and household finances are sound. 
  • We see little scope for a sharp correction in house prices in the coming quarters in Spain.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Final PMIs, Eurozone, July

In one line: Still suggesting private sector activity stalled at the start of Q3.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Inflation, Switzerland, July 2024

In one line:  Stubborn domestic inflation means headline held steady.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Final Manufacturing PMIs, Eurozone, July 2024

In one line: We think the manufacturing PMI is too downbeat, even after the upward revision. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Unemployment, Germany, July 2024

In one line: Further increases in jobless claims are on the horizon. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance GDP, Spain, Q2 2024

In one line: Continuing to outperform; inflation fell further than expected in July.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ISTAT Confidence, Italy, July 2024

In one line: Edging down, in line with deteriorating overall business sentiment in France and Germany 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Money Supply, Eurozone, June 2024

In one line: Still pointing to an improvement in growth, in contrast to the business surveys. 

Melanie Debono (Senior Eurozone Economist)Eurozone

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