Pantheon Publications

Global Datanote: Manufacturing PMI, ASEAN, February

• In one line: A 7-month high, but no clear signs of US front-loading, yet. 

Miguel Chanco (Chief EM Asia Economist)Global

EZ Datanote: PMI, Switzerland, February 2025

In one line: Consistent with another 0.5% q/q increase in GDP in Q1; price pressures rising.

Melanie Debono (Senior Eurozone Economist)Eurozone

PANTHEON EM ASIA DATA WRAP 3 March 2025

A 7-month high for ASEAN’s PMI, but no clear signs of US front-loading, yet
A surprising—though likely temporary—dip into outright deflation in Indonesia

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

China+ Datanote: Caixin Manufacturing PMI, China, February

Manufacturing sentiment rebounds, despite the brewing trade war

Duncan WrigleyChina+

CHINA+ DATA WRAP 3 March 2025: China sentiment revival despite brewing trade war

Caixin PMI shows manufacturing sentiment rebound, despite the brewing trade war

Duncan WrigleyChina+

China+ Datanote: Official Manufacturing PMI, China, February

Post-holiday activity rebound, but firms still wary ahead of the Two Sessions and tariff hikes

Duncan WrigleyChina+

China+ Datanote: Official Non-Manufacturing PMI, China, February

 Construction activity rebound looks mainly seasonal; too soon to say if a real infrastructure push is coming

Duncan WrigleyChina+

China+ Datanote: Exports, Korea, February

Outlook still gloomy, after sifting through the holiday data distortions

Duncan WrigleyChina+

PM Datanote: US Advance Goods Trade, January

Net trade set to drag heavily on growth amid a pre-tariff surge in imports.

Oliver Allen (Senior US Economist)US

EM Asia Datanote: Core Industries, India, January

• In one line: Offsetting base effects all over the place; momentum is solid, otherwise.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EM Asia Datanote: GDP, India, Q4

• In one line: A trade- and consumption-driven bounce; the economy is still operating below potential.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EZ Datanote: Advance Inflation, Germany, February 2025

In one line: Consistent with a below-consensus EZ print on Monday.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PM Datanote: Industrial Production, Retail Sales, and Unemployment, Chile, January, 2025

• In one line: Retail sector remains strong, while industrial sector struggles in January.

Andrés Abadía (Chief LatAm Economist)Latin America

EZ Datanote: ECB Consumer Inflation Expectations, EZ, January & Unemployment, Germany, February

In one line: EZ inflation expectations ease back; further increases in German unemployment are on the way.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: State CPIs, Germany, February

In one line: Consistent with the national CPI undershooting the consensus.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EM Asia Datanote: Retail Sales, Thailand, December

• In one line: Finally, back down to earth.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PM Datanote: Advance Inflation & INSEE Consumers' Spending, France, Feb/Jan

In one line: Inflation pulled lower by energy, but the core softened too; setback in spending after a strong finish to 2024.

Claus Vistesen (Chief Eurozone Economist)Eurozone

UK Datanote: U.K. Nationwide House Prices, February 2025

• In one line: House prices rise again in February, but watch for a slowdown after April.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Retail Sales, Germany, January 2025

In one line: On track for a slowdown in Q1. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

China+ Datanote: Tokyo CPI, Japan, February

Tokyo headline inflation slows as energy subsidies restart; BoJ to stick to policy normalisation path

Duncan WrigleyChina+