Pantheon Macroeconomics

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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.

6 June 2025 China+ Monitor BoJ likely to stick to its bond-buying plan for now

  • The BoJ will probably leave its bond-buying plan unchanged, after signs the market is functioning better.
  • Thursday’s 30-year bond auction went well, after reports the MOF is likely to slow ultra-long bond issuance.
  • The ruling coalition is likely to lose seats in the July Upper House election though, sparking debt worries.

Duncan WrigleyChina+

PM Datanote: US ISM Services Survey, May

We doubt services inflation will reaccelerate sharply.

Oliver Allen (Senior US Economist)US

Global Datanote: Official Manufacturing PMI, China, May

In one line: China's manufacturing activity shrinks at a slower pace in May due to US tariff reprieve

Kelvin Lam (Senior China+ Economist)Global

Global Datanote: Tokyo CPI, Japan, May

In one line: Japan's core CPI surprise points to continued squeeze on real wages

Kelvin Lam (Senior China+ Economist)Global

Global Datanote: Bank of Korea Decision, Korea, May

In one line: BoK cuts to 2.50% on weaker growth outlook amid tariff war impact

Kelvin Lam (Senior China+ Economist)Global

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

In one line: Golden Week boosts May's services activity in China, but overall non-manufacturing weighed down by weak resi-construction

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Official Manufacturing PMI, China, May

In one line: China's manufacturing activity shrinks at a slower pace in May due to US tariff reprieve

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Tokyo CPI, Japan, May

In one line: BoK cuts to 2.50% on weaker growth outlook amid tariff war impact

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Bank of Korea Decision, Korea, May

In one line: BoK cuts to 2.50% on weaker growth outlook amid tariff war impact

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Industrial Profits, China, April

In one line: China’s April profit growth masks uneven recovery beneath; Trade uncertainty clouds outlook 

Kelvin Lam (Senior China+ Economist)China+

PM Datatnote: Industrial Production, Spain, April 2025

In one line: A rough start to Q2; little sign of tariff front running supporting industry.  

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: Manufacturing PMI, ASEAN, May

  • In one line: A bounce of sorts, but manufacturing is still shaky.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Exports, Korea, May

In one line: Korea's exports set back less severe than expected, as tariff reprieve offers breathing space

Kelvin Lam (Senior China+ Economist)Global

China+ Datanote: Exports, Korea, May

In one line: Korea's exports set back less severe than expected, as tariff reprieve offers breathing space

Kelvin Lam (Senior China+ Economist)China+

Global Datanote: Caixin Manufacturing PMI, China, May

 Plunge in Caixin manufacturing gauge won't trigger a knee-jerk policy response

Duncan WrigleyGlobal

Global Datanote: Advance Inflation & Unemployment, Eurozone, May/April

In one line: All set for doves to take charge of ECB policy over the summer. 

Claus Vistesen (Chief Eurozone Economist)Global

PM Datatnote: Advance Inflation & Unemployment, Eurozone, May/April

In one line: All set for doves to take charge of ECB policy over the summer.

Claus Vistesen (Chief Eurozone Economist)Eurozone

5 June 2025 US Monitor The downward trend in construction spending has further to run

  • Construction spending has dropped significantly in recent months, a trend we expect to continue…
  • …Falling spending points to small but sustained declines in construction payrolls ahead.
  • Auto sales plunged by 9.4% in May, signalling the broader wave of pre-tariff purchases is now fading.

Oliver Allen (Senior US Economist)US

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