Pantheon Publications

UK Datanote: UK Report on Jobs Survey, March 2025

• In one line: Solid jobs and accelerating wages will keep the MPC cautious heading into the trade war.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK GDP February 2025

• In one line:GDP soars in February but the MPC will look through the pre-Tariff data.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK International Trade, February 2025

• In one line: Fracturing global trade will begin to weigh on the trade balance in the coming months.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK RICS Residential Market Survey, March 2025

• In one line: The housing market is cooling now but activity will pick up in H2.

Rob Wood (Chief UK Economist)UK

EZ Datanote: ZEW, Germany, April & Industrial Production, EZ, February 2025

In one line: Tariffs hit investor sentiment hard; industrial production will feel the tariff burn but not until later in the year probably. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ECB BLS, EZ, Q1 2025

In one line: Banks tighten lending standards for firms & demand for credit eases again even before the shock of “Liberation Day". 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Detailed Inflation, France, March 2025

In one line: Soft, but selling prices point to upside risks for the core.

Claus Vistesen (Chief Eurozone Economist)Eurozone

China+ Datanote: Money & Credit, China, March

Government bond issuance still taking centre stage, with modest uptick in household loans 

Duncan WrigleyChina+

Global Datanote: Inflation IPCA and Economic activity index, Brazil, March/February, 2025

• In one line: Rising food prices and FX volatility rekindle inflation risks amid slowing domestic demand. 

Andrés Abadía (Chief LatAm Economist)Global

PM Datanote: Inflation IPCA and Economic activity index, Brazil, March/February, 2025

• In one line: Rising food prices and FX volatility rekindle inflation risks amid slowing domestic demand. 

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: Industrial Production, Mexico, February, 2025

• In one line: Solid February bounce, but underlying weakness remains

Andrés Abadía (Chief LatAm Economist)Latin America

EZ Datanote: Detailed Inflation, Germany, March 2025

In one line: Before the tariff shock; what happens next?

Claus Vistesen (Chief Eurozone Economist)Eurozone

PM Datanote: BCRP Rate Decision, Peru, 2025

• In one line: On hold amid global uncertainty, but door remains open to cut.

Andrés Abadía (Chief LatAm Economist)Latin America

Global Datanote: CPI, US, March, 2025

• In one line: Tariffs will snatch defeat from the jaws of victory.

Samuel TombsGlobal

PM Datanote: US CPI, March

Tariffs will snatch defeat from the jaws of victory.

Samuel TombsUS

PM Datanote: US Weekly Jobless Claims, April 5

A much bigger rise in claims lies ahead.

Oliver Allen (Senior US Economist)US

EZ Datanote: Industrial Production, Italy, February 2025

In one line: Industry still supported Italian GDP in Q1.

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: Bangko Sentral ng Pilipinas Decision

• In one line: Easing back on; three more cuts to go, from our vantage point.

Miguel Chanco (Chief EM Asia Economist)Global

EM Asia Datanote: Bangko Sentral ng Pilipinas Decision

• In one line: Easing back on; three more cuts to go, from our vantage point.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PM Datanote: Retail Sales, Brazil, February, 2025

• In one line: Resilience masks broader risk of a slowdown.

Andrés Abadía (Chief LatAm Economist)Latin America