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.

Kelvin Lam (Senior China+ Economist)

18 October 2024 China+ Monitor China's fresh property policies nopanacea to the ailing market

  • China has doubled its financial support for white- listed property projects, aiming to steady the sector.
  • China’s exports surprised negatively in September, due to slowing demand from the G7 and BRICS.
  • Uncertainty in the external environment has risen amid trade protectionism and geopolitical tensions.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, China, September

In one line: China export growth strategy faces challenges in H2, signalling growing need for domestic stimulus.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: PPI, China, September

In one line: China’s insufficient demand and over capacity continue to weigh on producer prices

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 14 October 2024

In one line: China's deepening deflation fears highlight the need for greater fiscal stimulus

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: BoK Decision, Korea, October

In one line: The Bank of Korea cuts rates for the first time in four and a half years

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, Korea, September

In one line: Korea’s resilient export growth continues on a working day adjusted basis in September. 

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 11 October 2024

In one line: The Bank of Korea cuts rates for the first time in four and a half years

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 7 October 2024

In one line: China's FX reserves rose more than expected in September

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 30 September 2024

In one line: China’s manufacturing downturn persists amid weak demand, while non-manufacturing activity stagnates

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Manufacturing PMI, China, September

In one line: China’s manufacturing downturn persists amid weak demand

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Tokyo CPI, Japan, September

In one line: Tokyo inflation dips in September as energy subsidies reinstated; Underlying inflation remains resilient

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 27 September 2024

In one line: China's industrial profit growth sees sharpest fall in 18 months; Japan's Tokyo CPI dips as energy subsidies reinstated

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 23 September 2024

In one line: Korea 20-day export growth remained resilient on a WDA basis

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: 20-Day Exports, Korea, September

In one line: Korea 20-day export growth remained resilient on a WDA basis

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 18 September 2024

Weaker car shipments and US demand drag Japan’s exports in August.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, Japan, August

Weaker car shipments and US demand drag Japan’s exports in August.

Kelvin Lam (Senior China+ Economist)China+

15 October 2024 China+ Monitor China deflation fears deepen, highlighting need for more stimulus

  • China’s consumer prices are on the brink of deflation while producer price deflation is deepening.
  • September’s core inflation slowed to just above zero percent, suggesting muted domestic demand.
  • Efficient implementation of existing stimulus should support growth, but more fiscal stimulus is needed.

Kelvin Lam (Senior China+ Economist)China+

9 October 2024 China+ Monitor China's tepid holiday activity suggests limited stimulus boost

  • China’s National Day holiday saw only a modest tourism-sector boost, despite the jump in stocks.
  • Consumers have more wealth tied up in property, whose outlook is still murky.
  • The NDRC yesterday focused on better implementation of existing fiscal support.

Kelvin Lam (Senior China+ Economist)China+

8 October 2024 China+ Monitor China's foreign reserves rise to their highest level since 2015

  • China’s FX reserves rose more than expected in September as the Fed started cutting interest rates.
  • Foreign equity flows have likely improved, as China announced support measures at end-September.
  • Looking ahead, a weaker dollar and further Fed cuts should bode well for China’s valuation effect.

Kelvin Lam (Senior China+ Economist)China+

1 October 2024 China+ Monitor China's weak September surveys underscore the need for stimulus

  • China's manufacturing PMIs point to shrinking activity, while the service sector continues to slow.
  • Construction seems to be stabilising; we expect a stimulus impact soon, on faster bond issuance.
  • Measures announced should lift short-term growth, but expect more monetary and fiscal support in Q4.

Kelvin Lam (Senior China+ Economist)China+

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