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.
Chartbook Global Weekly Monitor
- The hawkish shift in the ECB’s December forecasts has increased the risk of easing in early 2026.
- Growth in Spain was revised down slightly, with inflation staying sticky at the end of 2025.
- EZ M1 growth is stabilising at a modest pace, while manufacturing PMIs signal downside risk to industry.
ECB TO HOLD THE LINE AS BOE AND FED CUT FURTHER...
- …ITS NEXT MOVE WILL LIKELY BE A HIKE, IN 2027
- Germany’s IFO BCI fell again in December and points to downside risks to our Q4 call.
- France’s INSEE & Italy’s ISTAT surveys, meanwhile, rose implying a pick up in activity at year-end.
- The Eurozone’s construction sector is likely to have come out of recession in Q4.
- EZ inflation and GDP growth have both come in above the ECB’s September estimates lately.
- The ECB is set to revise up its forecasts but keep rates and other policy settings unchanged this week.
- Chances of additional rate cuts are retreating; the ECB easing cycle is over.
- EZ GDP growth picked up more than previously thought in Q3, far surpassing the ECB’s call, 0%.
- We reiterate our forecast for GDP to rise by 0.2% in Q4, given our estimates for the big four.
- GDP growth will pick up in H1 next year, but probably by less than we previously thought.
- A hawkish German HICP keeps our forecast for Eurozone headline inflation at 2.2% for November…
- …but the details in Friday’s early EZ inflation numbers, however, tilt dovish, especially for the core.
- EZ retail sales likely had a slow start to Q4, due to weakness in Spain and Germany.
