Pantheon Publications

PANTHEON EM ASIA DATA WRAP 7 July 2025

A few more months of modest Thai deflation on the cards

UK Datanote: UK Car Registrations, June 2025

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

UK Datanote: Construction PMI, June 2025

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

EZ Datanote: Construction PMIs, Eurozone, June 2025

In one line: Another bleak construction PMI read. 

EZ Datanote: Industrial Production, France & Spain, May

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

EZ Datanote: Factory Orders, Germany, May 2025

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

PANTHEON EM ASIA DATA WRAP 4 July 2025

Philippine inflation still comfortably below the BSP’s range

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.

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

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

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.

UK Datanote: UK Money & Credit, May 2025

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

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.

UK Datanote: UK National Accounts, Q1 2025

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

PM Datanote: US ISM Services Survey, June

A big jump in services inflation still looks unlikely.

Global Datanote: Inflation, Switzerland, June 2025

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

EZ Datanote: Inflation, Switzerland, June 2025

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

PM Datanote: US ADP Employment, June

Implausible sector breakdown highlights ADP's uselessness.

PM Datanote: Industrial Production, Brazil, May, 2025

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

EZ Datanote: Unemployment, Eurozone, May 2025

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

PM Datanote: US ISM Manufacturing Survey, June

Supply-side disruptions giving way to weak demand.