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
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Chartbook Global Weekly Monitor
EUROZONE INFLATION IS SHIFTING HIGHER…
- …COULD THE ECB HIKE THIS YEAR?
- Inflation in the EZ stayed well below 2% in February, but this is not enough to shift the ECB towards a cut.
- The Swiss economy resumed growth in Q4, and is poised for even stronger GDP in 2026.
- Switzerland will continue to negotiate a US trade deal, which should revive its industry and exports.
- Eurozone PMIs still support the idea of a modest cyclical upturn in the economy in early 2026.
- Strength in German PMIs is key for the near-term outlook in the Eurozone; so far so good.
- PMI output prices retreat a tad in February but remain inconsistent with further ECB easing.
- Headline inflation in Switzerland held at 0.1%, as imported deflation eased despite a stronger CHF…
- …Regardless, the SNB will not turn to negative rates and may intervene in FX markets instead.
- Decent Q4 GDP growth in the EZ was confirmed, but risks are tilted towards a downward revision.
- German industrial production slides in December; Q4 GDP growth set to be revised lower.
- Defence spending has long been visible in German manufacturing data; it should accelerate in 2026.
- Spanish industry had a better Q4 than Q3 2025, but it is starting to lose steam.
- We now look for EZ headline inflation at 1.8% in January, with the core rate unchanged at 2.3%.
- Energy and services inflation fell in Germany but were overpowered by rising goods and food inflation.
- The EZ economy shrugged off tariff whiplash last year, ending 2025 on a high.
