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.

June 2025 - Latin America Chartbook

INCREASED GEOPOLITICAL RISK…

…FORCING SOME CENTRAL BANKS TO MOVE TO THE SIDELINES

Andrés Abadía (Chief LatAm Economist)Latin America

Global Datanote: Industrial Production, India, May

In one line: Consumer-facing industries are buckling.

Miguel Chanco (Chief EM Asia Economist)Global

EM Asia Datanote: Industrial Production, India, May

In one line: Consumer-facing industries are buckling.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EZ Datanote: State CPIs, Germany, June 2025

In one line: In line with our call for slightly softer German inflation in June.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Money Supply, EZ, May 2025

In one line: EZ money and credit data still positive on economic outlook.

Melanie Debono (Senior Eurozone Economist)Eurozone

EM Asia Datanote: Retail Sales, Thailand, April

In one line: Headline absurdity continues.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

1 July 2025 US Monitor Expect soft June payrolls, and yet another set of downward revisions

The abundance of weak surveys points to a 100K first estimate for June payrolls.
Downward revisions to estimated payrolls in April and May also are likely.
Scraps of evidence suggest late responses from struggling small businesses explains the pattern.

Samuel TombsUS

1 July 2025 LatAm Monitor Colombia's rate cuts delayed as fiscal slippage raises inflation risks

Deep BanRep Board divisions and sticky inflation expectations are delaying further rate cuts.
Rising fiscal deficits and political noise are under- mining policy credibility and investor confidence.
Stronger growth gives limited relief as inflation risks and external pressures continue to build.

Andrés Abadía (Chief LatAm Economist)Latin America

1 July 2025 Emerging Asia Monitor Thai consumption remains sluggish, with large headwinds intensifying

Retail sales growth in Thailand is still at an absurdly-high double-digit rate; ignoring the rosy headlines…
…The monthly consumption index remains weak, and fading confidence points to more downside.
Consumption looks set to continue rising, though, as wages recover alongside productivity.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

1 July 2025 China+ Monitor PBoC signals less urgency for policy support as PMIs improve

The PBoC on Friday hinted it saw less need for a near- term monetary policy boost than three months ago.
The June official manufacturing PMI improved, thanks to policy support and an easing in tariff tensions.
The construction PMI ticked up at last, but it’s too soon to celebrate; the hard data pointed to slowing.

Duncan WrigleyChina+

1 July 2025 Eurozone Monitor EZ inflation likely edged up in June; risks tilted to no change

Total HICP inflation prints for the Big Four suggest EZ headline inflation edged up to 2.0% in June.
The ECB strategy review suggests the central bank is doing the right thing with the right tools; go figure!
Money data still point to upside risks to GDP, but don’t capture what is happening in net trade.

Melanie Debono (Senior Eurozone Economist)Eurozone

1 July 2025 UK Monitor Good signs for continued solid GDP growth

An upward revision to Q1 consumer spending growth gives a more solid base to economic growth.
The household saving rate dip in Q1 is a sign of things to come, which should support consumer spending.
Firms are borrowing again as all the “Liberation Day” surge in economic policy uncertainty has unwound.

Elliott Laidman Doak (Senior UK Economist)UK