Pantheon Publications

UK Datanote: UK Car Registrations, June 2025

• In one line: Rising car registrations signals recovering underlying economic activity.

Rob Wood (Chief UK Economist)UK

UK Datanote: Construction PMI, June 2025

• In one line: The Construction PMI will continue to recover as tariff uncertainty fades and Government investment soars.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Construction PMIs, Eurozone, June 2025

In one line: Another bleak construction PMI read. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, France & Spain, May

In one line: Q2 was a quarter to forget in French manufacturing; Spain is looking better.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Factory Orders, Germany, May 2025

In one line: Poor, but falling turnover at odds with the surveys.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PANTHEON EM ASIA DATA WRAP 4 July 2025

Philippine inflation still comfortably below the BSP’s range

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

UK Datanote: UK Final Services and Composite PMI, June 2025

• In one line: Happy days as growth improves and inflation slows; the MPC could welcome the news with another cut in August.

Rob Wood (Chief UK Economist)UK

UK Datanote: Bank of England Decision Maker Panel, June 2025

• In one line: Rebounding employment expectations suggest inflation pressure will remain stubborn.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Final Manufacturing PMI, June 2025

• In one line: June’s downward revisions to the PMI’s sub-indices were likely driven by oil prices, sentiment will continue to improve.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Money & Credit, May 2025

• In one line: Falling saving flows and rising corporate borrowing point to solid economic growth.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Nationwide House Prices, June 2025

• In one line: House prices fall in June but returning buyer demand will push up prices soon.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK National Accounts, Q1 2025

• In one line: Better balanced growth after revisions bodes well.

Rob Wood (Chief UK Economist)UK

PM Datanote: US ISM Services Survey, June

A big jump in services inflation still looks unlikely.

Oliver Allen (Senior US Economist)US

Global Datanote: Inflation, Switzerland, June 2025

In one line: Back above zero, but unlikely to stay there for long.

Melanie Debono (Senior Eurozone Economist)Global

EZ Datanote: Inflation, Switzerland, June 2025

In one line: Back above zero, but unlikely to stay there for long.

Melanie Debono (Senior Eurozone Economist)Eurozone

PM Datanote: US ADP Employment, June

Implausible sector breakdown highlights ADP's uselessness.

Oliver Allen (Senior US Economist)US

PM Datanote: Industrial Production, Brazil, May, 2025

• In one line: Manufacturing slumps as mining props up output.

Andrés Abadía (Chief LatAm Economist)Latin America

EZ Datanote: Unemployment, Eurozone, May 2025

In one line: Up a touch because of an increase in Italy’s unemployment rate. 

Melanie Debono (Senior Eurozone Economist)Eurozone

PM Datanote: US ISM Manufacturing Survey, June

Supply-side disruptions giving way to weak demand.

Oliver Allen (Senior US Economist)US

Global Datanote: ISM Manufacturing Survey, US, June

In one line: Supply-side disruptions giving way to weak demand

Oliver Allen (Senior US Economist)Global