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.
Emerging Asia Daily Monitor Datanotes
In one line: Rising, but not the start of a sustained pick-up.
- Sébastien Lecornu plays his trump card, but will suspending pension reform be enough?
- Mr. Macron will come under rising pressure to call new elections if RN continues to rise in the polls.
- The cyclical improvement in France’s budget deficit looks set to continue in H2 as tax revenues rise.
- Germany will raise its public debt burden by more than €1T over the next decade; what will this fund?
- A sustained rise in defence spending to 3.5% ramps up the pressure on public finances from 2027.
- The German government’s plan implies front-loaded investment from special funds starting next year.
In one line: EZ manufacturing fell flat on its face in August.
In one line: Falling imports boost surplus.
- German auto output rebounded in September, but will this be included in the first Q3 GDP estimate?
- Construction investment rose in Q3, but net trade and consumption likely remained sluggish.
- We now think the first Q3 GDP estimate in Germany will show that output fell by 0.2% quarter-to-quarter.
In one line: Ugly, but stung by one-off distortions.
- Italy’s deficit will shrink this year but still exceed the EU’s 3%-of-GDP limit and the government’s target.
- Its 2026 budget plans are mildly expansionary, including a cut to taxes for middle-income earners…
- ...while little consensus on offsetting revenue-raising measures exists among the coalition.
- The reversal of tariff front-running is weighing on German export orders, but is the worst over?…
- …Revisions to sales data suggest that industrial output was weaker in Q3 than we thought.
- Early data indicate that EZ industrial production fell by 0.2% in August, partially reversing the rise in July.
- France has lost another Prime Minister; how many more times will Mr. Macron play the same hand?
- Eurozone retail sales and Spanish industrial production growth likely slowed in Q3.
- The PMIs point to continued weakness in EZ construction, but investor sentiment is still upbeat.
In one line: Spending on goods in EZ went nowhere in Q3.
In one line: Not quite the catch up we expected but still pointing to upside risks to growth.
In one line: Not pretty, but the official numbers are better.
In one line: Down marginally, likely rebounded in September.
In one line: On track for a boost to Q3 GDP growth.
In one line: Nothing to see, the trend is flat.
In on line: At 0.2% for third straight month.
- Swiss inflation held at 0.2% for the third straight month; it will remain stuck near zero until Q2 2026.
- The SNB has said it will ignore negative inflation prints in the near term…
- ...We expect the next rate move to be up, in 2027, despite downside risks to our inflation forecasts.
In on line: Rebounding, but tariff-sensitive manufacturing is weakening.
