Pantheon Publications

EZ Datanote: INSEE Consumers' Spending, France, April 2025

In one line: Falling energy consumption will weigh on spending in Q2.

Claus Vistesen (Chief Eurozone Economist)Eurozone

UK Datanote: Retail Sales, April 2025

• In one line:Q2 GDP is shaping up for a solid gain as retail sales roar into the spring, defying rocketing economic uncertainty.

Rob Wood (Chief UK Economist)UK

PM Datanote: US Consumer Confidence, May

Consumers breathe a sigh of relief, but the labor market still is softening.

Oliver Allen (Senior US Economist)US

UK Datanote: UK GfK Consumers' Confidence Survey, May 2025

• In one line: Uncertainty driven rebound in consumers' confidence points to continued solid retail spending growth.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Flash PMIs, May 2025

• In one line: PMI rebounds as uncertainty fades, and drop in price balances helps the MPC.

Rob Wood (Chief UK Economist)UK

PM Datanote: US Durable Goods Orders, April

Equipment investment is set to fall sharply.

Oliver Allen (Senior US Economist)US

UK Datanote: UK Public Finances, April 2025

• In one line:Borrowing likely overshot the OBR’s projections in April, we still expect tax rises by the end of the year.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. CBI Industrial Trends Survey, May 2025

• In one line: Manufacturing activity remains weak according to the CBI, it will remain so for some time to come.

Elliott Laidman Doak (Senior UK Economist)UK

PM Datanote: Inflation IPCA-15, Brazil, May, 2025

• In one line: Inflation eases slightly, but risks persist.

Andrés Abadía (Chief LatAm Economist)Latin America

EZ Datanote: Advance Inflation, France, May 2025

In one line: The gift that keeps on giving to ECB doves. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: GfK/NIM Consumer Confidence, Germany, June 2025

In one line: Still improving.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: INSEE Consumer Confidence, France, May 2025

In one line: Downtrend continues as unemployment fears near Covid-time peak. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Detailed GDP, Germany, Q1-25

In one line: Boosted by investment and consumption. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

China+ Datanote: National CPI, Japan, April

Core inflation ticks up after removal of energy subsidies

Duncan WrigleyChina+

CHINA+ DATA WRAP 23 May 2025: Headline inflation flat, core inflation ticks up

Core inflation nudges up, after energy subsidies end

Duncan WrigleyChina+

PM Datanote: US S&P Global Composite PMI, May

Economy robust in the face of tariff uncertainty for now.

Oliver Allen (Senior US Economist)US

PM Datanote: US Existing Home Sales, April

 Still impeded by high mortgage rates and elevated uncertainty.

Samuel TombsUS

PM Datanote: US Weekly Jobless Claims, May 17

 Little changed from previous weeks, but weak hiring indicators point to a deterioration soon.

Samuel TombsUS

PM Datanote: Final GDP and Bi-weekly CPI, Mexico, Q1/May, 2025

• In one line: Mexico’s economy outperforms in Q1, but risks loomlarge.

Andrés Abadía (Chief LatAm Economist)Latin America