Pantheon Publications

EZ Datanote: Trade Balance, EZ, December 2024

In one line: Still no signs of much tariff front running by US firms. 

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: Trade, Indonesia, January

• In one line: A very unwelcome leap in the trade surplus.

Miguel Chanco (Chief EM Asia Economist)Global

PANTHEON EM ASIA DATA WRAP 17 February 2025

Thailand’s 2-speed economy ends 2024 on a somber note
A very unwelcome January leap in Indonesia’s trade surplus

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PM Datanote: US Retail Sales, January

The pre-tariff sales boom already is fading.

Oliver Allen (Senior US Economist)US

China+ Datanote: Money & Credit, China, January

Overall credit growth still relatively sturdy, thanks to robust government bond issuance  

Duncan WrigleyChina+

PM Datanote: US Industrial Production, January

Manufacturing output held back by adverse weather; surveys point to a brief growth spurt ahead.

Oliver Allen (Senior US Economist)US

Global Datanote: BCRP Rate Decision, Peru, February, 2025

• In one line: On hold and maintaining a cautious stance.

Andrés Abadía (Chief LatAm Economist)Global

PM Datanote: BCRP Rate Decision, Peru, February, 2025

• In one line: On hold and maintaining a cautious stance.

Andrés Abadía (Chief LatAm Economist)Latin America

EZ Datanote: GDP flash, Switzerland, Q4 2024

In one line: Picking up, as expected. 

Melanie Debono (Senior Eurozone Economist)Eurozone

PANTHEON EM ASIA DATA WRAP 14 February 2025

Moderation in upstream food pressures in India is the real deal

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

UK Datanote: UK MPC Decision and Minutes, February 2025

• In one line: Focus on the hawkish inflation forecasts, rather than the dovish vote. 

Rob Wood (Chief UK Economist)UK

UK Datanote: Bank of England Decision Maker Panel, January 2025

• In one line:  Employment stagnates but disinflation is over.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. BRC Retail Sales Monitor, January 2025

• In one line: The BRC kickstarts the year with strong growth, we expect it to continue.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK International Trade, December 2024

• In one line: The trade deficit will be held back by high energy prices and President Trump’s tariff threats in 2025.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK RICS Residential Market Survey, January 2025

• In one line: Looming end of stamp duty relief causes volatility, longer-term house price outlook still looks solid.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK GDP December 2024

• In one line:Better-than-expected growth should reduce recession worries and suggests the PMI is exaggerating economic weakness.

Rob Wood (Chief UK Economist)UK

PM Datanote: Retail Sales, Brazil, December, 2024

• In one line: An ugly finish to 2024, and Q1 2025 will be difficult.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: US Weekly Jobless Claims, February 8

Low claims highlight lack of near-term pressure for Fed easing.

Oliver Allen (Senior US Economist)US

PM Datanote: PM Datanote: US PPI, January

Disinflation still on track; consistent with 2.6% core PCE inflation, down 0.2pp from December.

Samuel TombsUS

EZ Datanote: Industrial Production, Eurozone, December 2024

In one line: A rough end to 2024. 

Melanie Debono (Senior Eurozone Economist)Eurozone