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.
Weekly Monitor
- The EU’s announcement of retaliation against US tariffs is an attempt to get Washington to the table.
- Brussels’ WTO case against the US indicates that it won’t accept 10% as a floor for tariffs.
- EU purchases of energy, agricultural products and defence goods are the clearest route to a deal.
- The EZ construction PMI rose in April, on the back of a recovery in new orders in Germany.
- Construction activity is still faring better in Italy than in Germany or France.
- The sector is likely to support EZ GDP in Q2, as it seems to have done in Q1.
- Swiss inflation fell to a lower-than-expected zero in April, with a knock-on effect on our forecasts…
- ...We now see deflation until mid-2026; the SNB will cut its policy rate below zero in June in response.
- We look for a 50bp rate cut at the next meeting, taking the key policy rate to -0.25%.
- Jump in April core inflation was due to Easter effects in services; the remaining components were soft.
- Dovish forecasts from the ECB will pave the way for for a back-to-back 25bp rate cut next month…
- …and we now look for an additional 25bp cut in July, but also hikes next year, in June and September.
