Pantheon Publications
Below is a list of our Publications for the last 5 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
Please use the filters on the right to search for a specific date or topic.
Japan's consumer inflation boosted by food inflation
Korea's WDA-exports drop during the holiday, despite auto shipment surge
Duncan WrigleyChina+
Indian services wake up from its slumber, but a Q1 GDP slowdown is still in play
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- - CHINA’S CONSUMER SPENDING WILL SLOW POST-HOLIDAY
- - JAPAN’S DOMESTIC DEMAND STILL TRAILING NET EXPORTS
- - BOK LIKELY TO RESUME CUTS, DESPITE POLITICAL MESS
Duncan WrigleyChina+
In one line: Further increases are likely as political uncertainty abates.
Melanie Debono (Senior Eurozone Economist)Eurozone
DOGE layoffs not a big issue for claims just yet.
Oliver Allen (Senior US Economist)US
- In one line: Sales stabilised in December but headwinds persist.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Manufacturing orders tick up and price pressures fall in February, but the sector remains weak.
Elliott Laidman Doak (Senior UK Economist)UK
In one line: Construction boost to growth in Q4 unlikely to repeat in Q1.
Melanie Debono (Senior Eurozone Economist)Eurozone
- The S&P PMI points to growth in final sales to private domestic purchasers slowing to just 2% in Q1.
- The PMI was too gloomy during the first trade war, but tariff and federal spending risks are bigger now.
- Tariff threats also are driving consumers’ confidence lower and inflation expectations higher.
Samuel TombsUS
- Mexico’s GDP contracted in Q4, with weak industrial and agricultural sectors driving the decline.
- The IGAE point to a subpar Q1; rising external— trade—uncertainty weighs heavily on growth.
- Banxico faces a tough balancing act, as inflation risks and policy noise cloud its rate-cut decisions.
Andrés Abadía (Chief LatAm Economist)Latin America
- Vietnam has officially raised its 2025 GDP growth target to 8%; its doable if M2 doesn’t fall too fast…
- …But interest rates are clearly on an uptrend, and the dark cloud of NPLs is still hanging over banks.
- We expect growth in India to bounce to 6% in Q4, but most of this will come from technicalities.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- Japan’s consumer inflation jumped in January, largely on the back of rice and vegetable inflation.
- Core inflation is also creeping up, reinforcing the BoJ’s de termination to keep normalising policy this year.
- But Governor Ueda on Friday signalled a readiness to intervene to prevent yields from getting too far ahead.
Duncan WrigleyChina+
- The upturn in the EZ PMIs stalled in February, due to a plunge in the French services index.
- Near-term outlook for services output is still decent, and the PMIs signal green shoots in industry, again.
- ECB hawks will focus on rebounding services prices; doves will note weak French labour-market data.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- The PMI signals an almost catastrophic jobs outlook, but more reliable official data are better.
- The official employment data look more plausible to us; payrolls have stalled rather than collapsed.
- Inflation is proving stubborn, as firms increasingly pass through cost increases to prices.
Rob Wood (Chief UK Economist)UK
China's lending benchmark rates left unchanged
Duncan WrigleyChina+
PBoC waiting for the trade war to heat up
Duncan WrigleyChina+
Waiting for more disinflation progress to ease again.
Oliver Allen (Senior US Economist)US
The underlying trend in residential construction is flat and likely to turn lower.
Oliver Allen (Senior US Economist)US
GROWTH IN SPENDING & PAYROLLS TO SLOW MID-YEAR…
- …FALLING SERVICES INFLATION TO OFFSET THE TARIFF BOOST
Samuel TombsUS
- In one line: Softer than feared services offset by global price pressures, further inflation acceleration lies ahead.
Rob Wood (Chief UK Economist)UK
