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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.

Claus Vistesen (Chief Eurozone Economist) Craig Botham Melanie Debono (Senior Eurozone Economist) Miguel Chanco (Chief EM Asia Economist)

EZ Datanote: Industrial Production, France, August 2024

In one line:  Q3 will be better than expected for French industry. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Final PMIs, Eurozone, September 2024

In one line: Likely to fall further this month but also likely overdoing the weakness in the economy.

Melanie Debono (Senior Eurozone Economist)Eurozone

4 October 2024 Eurozone Monitor Swiss inflation falls below 1% and has further to slide

  • Swiss inflation fell below 1% in September for the first time since 2021. 
  • Inflation averaged 1.1% in Q3, in line with the SNB’s call, but will fall further than the Bank expects in Q4. 
  • The door is wide open for further rate cuts; the SNB could take its key policy rate close to zero.

Melanie Debono (Senior Eurozone Economist)Eurozone

3 October 2024 Eurozone Monitor Robust EZ labour market unlikely to derail further ECB easing

  • The Eurozone unemployment rate held at 6.4% in September and is likely to remain steady for now. 
  • The ECB also sees a broadly unchanged unemployment rate over the coming quarters. 
  • A still-tight labour market will prevent neither a slowdown in wage growth nor more ECB easing.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, Eurozone, September 2024

In one line: Fall in core confirmed & headline below the ECB’s target; October’s rate cut is a go

Melanie Debono (Senior Eurozone Economist)Eurozone

2 October 2024 Eurozone Monitor October's rate cut is on; deposit rate set to end 2024 at 3%

  • Headline inflation in the EZ fell below the ECB’s target in September for the first time since 2021.
  • Deeper energy deflation was the main drag, but core inflation also eased a touch.
  • We look for the ECB to cut twice more this year, by 25bp in both October and December.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, Germany, September 2024

In one line: German HICP inflation falls below 2% for the first time since March 2021; it will increase again in Q4. 

Melanie Debono (Senior Eurozone Economist)Eurozone

1 October 2024 Eurozone Monitor More reasons to add an October rate cut into the ECB profile

  • German HICP inflation is now below 2% for the first time since March 2021. 
  • As of September Italian inflation has been below 2% for a year, though it slid less than we thought. 
  • EZ inflation still likely fell to below the ECB’s target; today’s data will show it coming in at 1.8%.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: State CPIs, Germany, September 2024

In one line: German inflation likely fell in line with consensus. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: EC ESI, EZ, September 2024

In one line: Down, like the PMI, and dovish on inflation and wages.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Unemployment, Germany, September & ECB CES, EZ, August

In one line: Jobless claims in Germany rise again; EZ inflation expectations cool further.

Melanie Debono (Senior Eurozone Economist)Eurozone

30 September 2024 EZ Monitor All set for a third 25bp ECB rate cut in October? Probably

  • French and Spanish inflation data lend support to ECB doves pushing for an October cut...
  • ...But beware of whiplash in market pricing, if the German and Italian data don’t play ball.
  • French consumer spending isn’t going anywhere in Q2; German jobless claims are still rising.

Claus Vistesen (Chief Eurozone Economist)Eurozone

September 2024 - EZ Economic Chartbook

THE ECB IS UNDER PRESSURE TO EASE MORE QUICKLY

  • BUT “QUE SERA SERA”

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: SNB Rate Decision, Q3 2024

In one line: Thomas Jordan ends reign as SNB Chairman with a cut; more easing is on the way.  

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,