Pantheon Macroeconomics

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Pantheon Publications

Below is a list of our 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.

Melanie Debono (Senior Eurozone Economist)

Global Datanote: Final Inflation, Eurozone, November 2024

In one line: EZ inflation rose less than previously thought in November; another rise this month is likely. 

Melanie Debono (Senior Eurozone Economist)Global

EZ Datanote: Final Inflation, Eurozone, November 2024

In one line: EZ inflation rose less than previously thought in November; another rise this month is likely. 

Melanie Debono (Senior Eurozone Economist)Eurozone

18 December 2024 Global Monitor SNB and ECB moves outshone by Brazil mega hike

  • US - FOMC likely to follow up a 25bp easing this week with January pause
  • EUROZONE - No more restrictive policy at the ECB, and a jumbo cut by the SNB
  • UK - MPC preview: on hold, and repeating the “gradual” mantra
  • CHINA+ - CEWC takeaways: China prioritises demand-boosting policies for 2025
  • EM ASIA - Indian food CPI now subsiding; the 2025 story is no one-way street
  • LATAM - Great problems require great solutions: COPOM hikes by 100bp

Melanie Debono (Senior Eurozone Economist)Global

18 December 2024 Eurozone Monitor EZ's largest economy can't catch a break, but surveys too downbeat

  • The IFO BCI sank in December, pointing to downside risk to our call for German GDP to stagnate in Q4.
  • Investor sentiment, measured by the ZEW, perked up, in line with rising equities. 
  • EZ trade took a hit in October; front-loading ahead of higher tariffs will prevent a Q4 drag from net trade.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ZEW & Trade Balance, Germany & EZ, December/October 2024

In one line: German investor sentiment recovers; EZ goods trade takes a hit in October.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: IFO, Germany, December 2024

In one line: Sinking to its lowest since May 2020, and the first Covid lockdowns.

Melanie Debono (Senior Eurozone Economist)Eurozone

17 December 2024 Eurozone Monitor December PMIs neither here nor there for ECB policymakers

  • The PMIs in December were still a dovish signal for ECB policymakers… 
  • ...and the ECB President made it clear further easing was on the way in her speech in Lithuania… 
  • ...But she failed in her promise to clarify the Bank’s level of restrictiveness.

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: Advance PMIs, Eurozone, December 2024

In one line: Growth will still slow, despite increase in PMI in December; rising price indices still point to downside risks for inflation.  

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: Advance PMIs, Germany, December 2024

In one line: Still no sign of a pick up in new orders in manufacturing. 

Melanie Debono (Senior Eurozone Economist)Global

EZ Datanote: Advance PMIs, Eurozone, December 2024

In one line: Growth will still slow, despite increase in PMI in December; rising price indices still point to downside risks for inflation.  

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance PMIs, Germany, December 2024

In one line: Still no sign of a pick up in new orders in manufacturing. 

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: SNB Rate Decision, Q4 2024

In one line: Martin Schlegel comes out swinging with jumbo cut at his first meeting as SNB Chairman.  

Melanie Debono (Senior Eurozone Economist)Global

EZ Datanote: SNB Rate Decision, Q4 2024

In one line: Martin Schlegel comes out swinging with jumbo cut at his first meeting as SNB Chairman.

Melanie Debono (Senior Eurozone Economist)Eurozone

12 December 2024 Eurozone Monitor 2025 will be another good year for Spain's economy

  • Strong employment growth and a falling saving rate helped Spain outperform in 2024...
  • ...These will be the reasons why Spanish GDP growth outpaces the rest of the big four again in 2025.
  • Key risks to the outlook include political uncertainty and the crackdown on tourist appartments. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Italy, October 2024

In one line: The near-two-year-long recession in Italian industry is not over yet.

Melanie Debono (Senior Eurozone Economist)Eurozone

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