Pantheon Publications

PANTHEON EM ASIA DATA WRAP 7 April 2026

Oil surge leads to an immediate breach of the BSP’s target range
Recovering domestic demand will soon hit a brick wall

Global Datanote: CPI, Indonesia, March 2026

• In one line: A swift return to BI’s target range thanks to base effects.

Global Datanote: Trade, Indonesia, February 2026

• In one line: Trade surplus and exports will soon see brighter days.

Global Datanote: Manufacturing PMI, ASEAN, March 2026

• In one line: Iran war hits most factories hard; price shock immediate and big.

PANTHEON EM ASIA DATA WRAP 1 April 2026

Iran war hits most ASEAN factories hard; price shock immediate and big
Indonesia’s trade surplus and exports will soon see brighter days
A swift return to BI’s target range thanks to base effects

EM Asia Datanote: Retail Sales, Thailand, January 2026

• In one line: Underlying spending growth was still in recovery mode pre-Iran war.

Global Datanote: Industrial Production, India, February 2026

• In one line: Likely as good as we’ll get in H1, if not 2026 at large.

EM Asia Datanote: Industrial Production, India, February 2026

• In one line: Likely as good as we’ll get in H1, if not 2026 at large.

PANTHEON EM ASIA DATA WRAP 27 March 2026

Two-way trade in the Philippines was picking up steam before the war

EM Asia Datanote: Customs Trade, Thailand, February 2026

• In one line: Fundamental downward pressure on the THB is building rapidly.

PANTHEON EM ASIA DATA WRAP 24 March 2026

Iran war, unsurprisingly, hits India's PMIs immediately

EM Asia Datanote: Core Production, India, February 2026

• In one line: Infrastructure sectors carrying more of the weight alone; overall momentum still solid.

EM Asia Datanote: Trade, India, February 2026

• In one line: Big short-term downside risks to the deficit due to the Iran war.

PANTHEON EM ASIA DATA WRAP 16 March 2026

Iran war forcing an upgrade to our 2026 India WPI forecast to 5%

Global Datanote: CPI, India, February 2026

• In one line: Still mainly a food story, but Middle East pressures should surface in the March data.

EM Asia Datanote: CPI, India, February 2026

• In one line: Still mainly a food story, but Middle East pressures should surface in the March data.

PANTHEON EM ASIA DATA WRAP 10 March 2026

A decent, if unimpressive, start to the year for Indonesian retail sales

PANTHEON EM ASIA DATA WRAP 6 March 2026

Don’t stress about the February collapse in Vietnamese export growth
A disappointing Tet season for retail sales in Vietnam
Raising our 2026 average inflation forecast for Vietnam to 3.7%
Strong end-2025 momentum in Philippine sales carrying over to early-2025

EM Asia Datanote: CPI, Thailand, February 2026

• In one line: Diesel fix still more than safe; shading our 2026 forecast.

Global Datanote: Manufacturing PMI, ASEAN, February 2026

• In one line: Rising domestic and external demand lifting most boats.