Pantheon Publications

CHINA+ DATA WRAP 24 July 2025: Japan's PMI should improve after deal

Japan's weak manufacturing PMI should rise after US-Japan trade deal

Services activity rose

EZ Datanote: GfK Consumer Confidence, Germany, August 2025

In one line: Income expectations are firming, but so are saving intentions.

PM Datanote: US Existing Home Sales, June

Weak demand and recovering supply are putting pressure on prices.

EZ Datanote: Advance Consumer Confidence, Eurozone, July 2025

In one line: Up, but only to a four-month high. 

Global Datanote: Economic activity index and retail sales, Mexico, May, 2025

• In one line: Mexico’s growth holding up in Q2, but headwinds are mounting.

PM Datanote: Economic activity index and retail sales, Mexico, May, 2025

• In one line: Mexico’s growth holding up in Q2, but headwinds are mounting.

EZ Datanote: ECB BLS, EZ, Q2 2025

In one line: Lending standards still tight while demand for loans is rising. 

UK Datanote: UK Public Finances, June 2025

• In one line:Autumn tax hikes are likely and will probably be backloaded.

EM Asia Datanote: Core Industries, India, June

• In one line: A skin-deep reprieve, if at all, from waning underlying momentum.

PM Datanote: US Housing Starts, June

The underlying trend in residential construction is flat and likely to turn lower.

PM Datanote: US Michigan Sentiment Survey, July

Hard to trust given the rock-bottom response rate.

UK Datanote: UK Labour Market Data, May / June 2025

• In one line: Jobs falls are easing and pay growth is far too high to deliver 2% inflation, but the MPC seems keen to cut anyway.

UK Datanote: UK Official House Price Index, May 2025

• In one line: Prices will keep gaining as stamp duty disruption has further to unwind.

UK Datanote: U.K. Consumer Prices, June 2025

• In one line: Inflation is proving sticky, with most of June's acceleration looking genuine.

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

• In one line: A huge bounce in official retail sales is coming in June as seasonal distortions unwind.

UK Datanote: UK Report on Jobs Survey, June 2025

• In one line: Potential future tax hikes hit hiring sentiment, but wage growth is slowing only gradually.

UK Datanote: UK RICS Residential Market Survey, June 2024

• In one line: Recovering as the Stamp Duty disruption fades

EZ Datanote: Construction, Eurozone, May 2025

In one line: Down, but big revision to the April data suggests Q2 was good.

Global Datanote: CPI, Japan, June

In one line: Japan's headline consumer inflation slows after energy subsidies restart; upper house election poses JGB risks

CHINA+ DATA WRAP 18 July 2025: Japan's headline consumer inflation slows

Japan's headline consumer inflation slows after energy subsidies restart
upper house election poses JGB risks