Pantheon Publications
Below is a list of our Publications for the last 6 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.
Duncan Wrigley
Japanese manufacturing activity is hit by fading demand and production
Services activity is holding up, despite sagging new export orders
Duncan WrigleyChina+
- Japan’s core inflation barely moved in October, despite a rise in headline inflation...
- ...Driven by the partial roll-back of energy subsidies, soaring hotel costs and fresh food inflation.
- The fall in the November flash manufacturing PMI confirms Japan’s sluggish recovery.
Duncan WrigleyChina+
- China’s benchmark lending rates were unchanged in November, in line with the MLF rate last week.
- Policymakers are seemingly using fiscal stimulus to stabilise growth, thus allowing confidence to rebuild.
- Monetary policy will probably continue to play an accommodative role—behind fiscal policy—in 2024.
Duncan WrigleyChina+
- China’s residential market flagged again in October, despite the new homebuyer incentives since August.
- Developer funding shows little sign of turning around, as worries over debt issues are prevailing.
- The reported affordable-housing programme likely will fall short of the shantytown redevelopment boost.
Duncan WrigleyChina+
- China's lending rates on hold as fiscal policy takes the leading role
Duncan WrigleyChina+
- China's lending rates on hold as fiscal policy takes the leading role
Duncan WrigleyChina+
- China’s domestic demand rose at a sluggish pace in October, while production grew faster.
- Upticks in retail sales of autos and mobile phones are bright spots.
- The PBoC injected RMB600B of MLF funds yesterday, enabling government-bond issuance.
Duncan WrigleyChina+
- China’s credit expansion was lukewarm in October, apart from government-bond issuance.
- The slump in net household long-term loans exaggerates the weakness in the residential market.
- China is likely to rely on fiscal stimulus to stabilise growth, giving sentiment time to rebuild.
Duncan WrigleyChina+
- Stepped-up government bond issue stabilises credit growth against property sector downdraft
Duncan WrigleyChina+
- Shenzhen’s backing for Vanke offers a possible blueprint for resolving Chinese developers’ issues...
- ...But only a few private developers are truly similar to Vanke, leaving many firms in a grey area.
- Japan’s wage growth picked up in October, mainly due to a downward revision of September’s data.
Duncan WrigleyChina+
