Pantheon Publications

PANTHEON EM ASIA DATA WRAP 11 November 2025

Decent, if unspectacular, close to Q3 for Indonesian retail sales
Sales days and festivals boost Malaysian retail

PANTHEON EM ASIA DATA WRAP 7 November 2025

The Philippines’ Q3 GDP was ugly all around
Still no light at the end of the tunnel in the sales data

PANTHEON EM ASIA DATA WRAP 6 November 2025

No slow-moving crash, but the honeymoon in Vietnamese exports is clearly over
Ignore the softest sales print in a year
Outright transport deflation will return

Global Datanote: Manufacturing PMI, ASEAN, October 2025

• In one line: The post-“Liberation Day” recovery in sentiment continues.

PANTHEON EM ASIA DATA WRAP 5 November 2025

Local private demand let the Indonesia economy down in Q3
The post-“Liberation Day” recovery in ASEAN manufacturing sentiment continues
Outright Thai deflation still has a number of months left
Softer food and firmer housing & utilities inflation in the Philippines offset each other

Global Datanote: CPI, Indonesia, October 2025

• In one line: Raising our 2026 average inflation forecast to just over 3%.

Global Datanote: Trade, Indonesia, September 2025

• In one line: A deceptively quiet end to Q3 for trade.

PANTHEON EM ASIA DATA WRAP 3 November 2025

A deceptively quiet end to Q3 for Indonesian trade
Raising our 2026 average inflation forecast to just over 3%

EM Asia Datanote: Retail Sales, Thailand, August 2025

• In one line: ‘Others’ component goes from friend to foe; underlying growth is showing more stability.

PANTHEON EM ASIA DATA WRAP 24 October 2025

The 2025 upswing in India's PMIs has stalled

Global Datanote: Bank Indonesia Decision, October 2025

• In one line: Another month, another surprise… this time for a pause, as the Board adopts wait-and-see.

EM Asia Datanote: Bank Indonesia Decision, October 2025

• In one line: Another month, another surprise… this time for a pause, as the Board adopts wait-and-see.

EM Asia Datanote: Core Production, India, September 2025

• In one line: A minor setback; positive momentum still rebuilding.

EM Asia Datanote: Trade, India, September 2025

• In one line: Blame yet another sudden spike in gold imports, though exports aren’t helping either.

EM Asia Datanote: WPI, India, September 2025

• In one line: Flirting with outright deflation, which looks likely in the next two reports.

Global Datanote: CPI, India, September 2025

• In one line: Food & beverage deflation is back, and will likely deepen this month.

EM Asia Datanote: CPI, India, September 2025

• In one line: Food & beverage deflation is back, and will likely deepen this month.

Global Datanote: Bangko Sentral ng Pilipinas Decision, October 2025

• In one line: Surprise, surprise… we weren’t at the “sweet spot” after all.

EM Asia Datanote: Bangko Sentral ng Pilipinas Decision, October 2025

• In one line: Surprise, surprise… we weren’t at the “sweet spot” after all.

PANTHEON EM ASIA DATA WRAP 9 October 2025

Q3 is shaping up to be fairly decent for Indonesian retail sales