Pantheon Publications

CHINA+ DATA WRAP 8 DECEMBER 2023: Japan revises down Q3 GDP, notably consumption

Japan's revised Q3 GDP reveals weak private consumption demand
Nominal wage growth picked up in October

Duncan WrigleyChina+

PANTHEON EM ASIA DATA WRAP 8 December 2023

The RBI still isn’t showing any appetite for normalisation

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

UK Datanote: U.K. Report on Jobs Survey, November 2023

• In one line: Consistent with unemployment rising more quickly than the MPC expects.

Samuel TombsUK

PM Datanote: CPI, Chile, November, 2023

• In one line: A sharp m/m increase, but the rapid downtrend will resume soon.

Andrés Abadía (Chief LatAm Economist)Latin America

Global Datanote: CPI, Mexico, November, 2023

• In one line: Core inflation continues to fall.

Andrés Abadía (Chief LatAm Economist)Global

PM Datanote: CPI, Mexico, November, 2023

• In one line: Core inflation continues to fall.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: U.S. Weekly Jobless Claims, Dec 1

No change to the benign picture.

US

EZ Datanote: Detailed GDP, EZ, Q3

In one line: Hit by falling inventories; productivity fell further.

Claus Vistesen (Chief Eurozone Economist)Eurozone

China+ Datanote : FX Reserves, China, November

• China’s FX reserve jump reflects reduced capital outflow pressure, as the dollar weakens and U.S. yields fall

Kelvin Lam (Senior China+ Economist)China+

EZ Datanote: Industrial Production, Italy, October 2023

In one line: Confirming that output fell in each of the big four in October.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Trade Balance, France, October 2023

In one line: Not enough to convince us that net trade was a boost to GDP in Q4.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Germany, October 2023

In one line: Still struggling at the start of Q4.

Melanie Debono (Senior Eurozone Economist)Eurozone

CHINA+ DATA WRAP 7 DECEMBER 2023: Chinese exports have bottomed out

China's exports have bottomed out but are set for a weak recovery

Duncan WrigleyChina+

PANTHEON EM ASIA DATA WRAP 7 December 2023

Deflation in Thailand will stay for at least one more month
A reminder that any recovery in Philippine domestic demand will be bumpy

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EZ Datanote: Retail Sales, Eurozone, October 2023

In one line: Disappointing.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Factory Orders, Germany, October 2023

Claus Vistesen (Chief Eurozone Economist)Eurozone

UK Datanote: U.K. S&P Global/CIPS Services Survey, November 2023

In one line: Recession fears should be quelled by November’s PMI. 

UK

UK Datanote: U.K. Car Registrations, November 2023

• In one line: Still weak, but car sales should rebound next year. 

UK

PM Datanote: U.S. ISM Services Survey, November

Still no sign of a rollover in services.

US