Pantheon Publications

Global Datanote: Manufacturing PMI, ASEAN, July

• In one line: Early US trade deals in July help ASEAN manufacturing find its feet, for now.

PANTHEON EM ASIA DATA WRAP 1 August 2025

Early US trade deals in July help ASEAN manufacturing find its feet, for now
Indonesian export growth is in for a weaker H2
Discount the base effects lifting Indonesian food inflation; the headline should now stabilise

EM Asia Datanote: Retail Sales, Thailand, May

• In one line: A—slightly—more credible print; consumption, in reality, slowed further in Q2.

PANTHEON EM ASIA DATA WRAP 30 July 2025

Philippine trade was flattered hugely by base effects in June

Global Datanote: Industrial Production, India, June

• In one line: A ten-month low, as consumer sectors continue to broadly weaken.

EM Asia Datanote: Industrial Production, India, June

• In one line: A ten-month low, as consumer sectors continue to broadly weaken.

PANTHEON EM ASIA DATA WRAP 24 July 2025

PMIs indicate a decent start to Q3 for India’s economy
US front-loading in Thailand is still going strong

EM Asia Datanote: Core Industries, India, June

• In one line: A skin-deep reprieve, if at all, from waning underlying momentum.

Global Datanote: Bank Indonesia Decision

• In one line: Surprise, surprise… at least two more 25bp cuts to come by year-end.

EM Asia Datanote: Bank Indonesia Decision

• In one line: Surprise, surprise… at least two more 25bp cuts to come by year-end.

EM Asia Datanote: Trade, India, June

• In one line: A forgetful Q2, overall.

Global Datanote: CPI, India, June

• In one line: Outright food deflation is here, as predicted.

EM Asia Datanote: CPI, India, June

• In one line: Outright food deflation is here, as predicted.

EM Asia Datanote: WPI, India, June

• In one line: Modest, on-and-off deflation looks set to be the theme for H2.

PANTHEON EM ASIA DATA WRAP 9 July 2025

Indonesian sales remain tepid, at best… stimulus ‘pop’ looking small

PANTHEON EM ASIA DATA WRAP 8 July 2025

Philippine sales are now effectively flat-lining

PANTHEON EM ASIA DATA WRAP 7 July 2025

A few more months of modest Thai deflation on the cards

PANTHEON EM ASIA DATA WRAP 4 July 2025

Philippine inflation still comfortably below the BSP’s range

Global Datanote: CPI, Indonesia, June

• In one line: Expect a further rise in food inflation in the July report.

Global Datanote: Trade, Indonesia, May

• In one line: Export growth probably will buckle again in Q3.