Pantheon Publications

PM Datanote: US Advance Goods Trade, March

Trade and inventories data leave a negative Q1 GDP print looking far more likely.

Global Datanote: Advance GDP, US, Q1, 2025

• In one line: Tariffs distort the numbers, but underlying growth was already slowing in Q1

PM Datanote: US Advance GDP, Q1

Tariffs distort the numbers, but underlying growth was already slowing in Q1.

PM Datanote: US Durable Goods Orders, March

Equipment investment set to slump after a solid Q1.

PM Datanote: US Existing Home Sales, March

 Sales likely to flatline at best from here.

PM Datanote: US New Home Sales, March

 Sales likely to drop back very soon.

PM Datanote: US Weekly Jobless Claims / Housing Starts

No real sign yet of tariff-linked layoffs.

PM Datanote: US NAHB Housing Market Index, April

Further signs of uncertainty weighing on housing.

PM Datanote: US Industrial Production, March

Pre-tariff jump in manufacturing output likely to reverse sharply.

PM Datanote: US Retail Sales, March

Real consumption likely grew by about 1% in Q1.

PM Datanote: US Empire State Manufacturing Survey, April

A slump in manufacturing activity and surge in goods inflation lies ahead.

PM Datanote: US Weekly Jobless Claims, April 5

A much bigger rise in claims lies ahead.

PM Datanote: US NFIB Small Business Optimism Survey, March

Confidence crumbling even before "Liberation Day".

PM Datanote: US ISM Services Survey, March

Weak, but far from definitive.

PM Datanote: US ADP Employment, March

ADP distracts more than it informs.

PM Datanote: US ISM Manufacturing Survey, March

Tariff uncertainty is weighing on manufacturing.