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.
Ian Shepherdson (Chief Economist, Chairman and Founder) Claus Vistesen (Chief Eurozone Economist) Samuel Tombs
- Early HICP numbers point to downside risks to EZ inflation, but beware Easter effects in Germany.
- A soaring French budget deficit in 2023 raises the risk of a confidence-denting income tax hike in 2024.
- The Eurozone money supply data are picking up, supporting a further rebound in the composite PMI.
Claus Vistesen (Chief Eurozone Economist)Eurozone
ECB MONETARY EASING WILL BEGIN SOON...
- ...APRIL IS LIVE, BUT JUNE IS MORE LIKELY
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Solid, but is fiscal tightening now a downside risk?
Claus Vistesen (Chief Eurozone Economist)Eurozone
- German consumer confidence remains depressed, but the headlines are poor indicators of spending.
- Rising real income growth and a stabilisation in the labour market are tailwinds for German consumers…
- ...But early-Q1 data on retail and car sales point to near-term downside risks for consumption growth.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- The Eurozone PMIs suggest services activity is now rebounding; the outlook for Q2 is brightening.
- Germany and France are holding the EZ economy back; Southern Europe is doing the heavy lifting.
- We still see the euro area economy returning to growth in Q1, with a 0.2% increase in GDP.
Samuel TombsEurozone
In one line: Boosted by a soaring surplus in goods.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Lifted by strong momentum in Southern Europe.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Better, but likely not enough to prevent another decline in GDP in Q1.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: On track for a rise in Q1, surprisingly.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Investor sentiment is still rising; a dovish plunge in EZ labour cost growth.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Falling imports are still lifting EZ net trade in goods.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- EZ inflation dipped in February, matching the first estimate; upside risks are now building for March.
- An upward surprise in the March and April inflation reports would put a June rate cut in jeopardy.
- We still struggle to see a perfect landing for inflation at 2%; how will the ECB respond to this?
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: The core is on track for sub-2%, despite sticky services inflation.
Claus Vistesen (Chief Eurozone Economist)Eurozone