Pantheon Publications

EZ Datanote: Sentix, Eurozone, July 2024

In one line: Still consistent with a rebound in the PMI, despite falling.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Trade Balance, Germany, May 2024

In one line: Lifted by a crash in imports.

Claus Vistesen (Chief Eurozone Economist)Eurozone

CHINA+ DATA WRAP 8 July 2024 Japan's overall wage growth still sluggish

Japan's overall wage growth still sluggish

Improvement narrowly confined to full-time manufacturing workers

Duncan WrigleyChina+

China+ Datanote: Foreign Reserves, China, June

Foreign reserves hit by currency valuation effects and equity market outflows

Duncan WrigleyChina+

PM Datanote: US Employment Report, June

Weakening in private payroll growth points to multiple rate cuts in H2. 

Ian Shepherdson (Chief Economist, Chairman and Founder)US

EZ Datanote: Retail Sales, EZ, May 2024

In one line: Goods spending is not benefitting from the recovery in real incomes, yet.

Melanie Debono (Senior Eurozone Economist)Eurozone

UK Datanote: U.K. General Election Results, July 2024

• In one line: Labour wins a huge majority but will need to move fast with policy changes.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. General Election Exit Poll, July 2024

• In one line: Exit poll projects large Labour majority.

Rob Wood (Chief UK Economist)UK

EM Asia Datanote: CPI, Taiwan, June

• In one line: Faster goods inflation pushes up the headline. 

Moorthy Krshnan (Senior Asia Economist)Emerging Asia

EZ Datanote: Industrial Production & Trade, France, May 2024

In one line: A nasty plunge in manufacturing, but don’t forget rising services output.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Spain, May 2024

In one line: Mediocre midway through Q2. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EM Asia Datanote: CPI, Thailand, June

• In one line: Should be just a temporary drop below the BoT’s target range.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EZ Datanote: Industrial Production, Germany, May 2024

In one line: Grim, but June should be better.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PANTHEON EM ASIA DATA WRAP 5 July 2024

The turn in Philippine inflation is finally here
Vehicle sales in Singapore continue to flatter headline retail sales

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

UK Datanote: U.K. Car Registrations, June 2024

• In one line: Still weak but registrations will pick up later this year.

Rob Wood (Chief UK Economist)UK

UK Datanote: Construction PMI, June 2024

• In one line: Two steps forward, one step back.

Rob Wood (Chief UK Economist)UK

UK Datanote: Bank of England Decision Maker Panel, June 2024

• In one line: More encouragement for the MPC to cut rates.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Inflation, Switzerland, June 2024

In one line:  Continuing to edge lower.

Melanie Debono (Senior Eurozone Economist)Eurozone

8 July 2024 US Monitor Fears of a labor market downturn will supplant inflation worries at the Fed

• Private payroll growth slowed sharply in Q2; revisions could easily worsen the picture.
• Tight monetary policy is the primary cause; employment growth will slow further in Q3.
• Wage growth now is consistent with the 2% inflation target; the Fed will ease multiple times in H2.

Ian Shepherdson (Chief Economist, Chairman and Founder)US

8 July 2024 LatAm Monitor Brazil's economic tightrope; the COPOM faces a balancing act

• Brazil’s industrial sector is struggling, as the labour market continues to defy expectations.
• The COPOM faces tough decisions amid rising inflation and political pressure from President Lula.
• Fiscal concerns are mounting as the budget deficit is deepening, complicating monetary policy.

Andrés Abadía (Chief LatAm Economist)Latin America