Pantheon Publications

EZ Datanote: Factory Orders, Germany, January 2025

In one line: Stung by plunge in major orders; core orders should rise in coming months.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EM Asia Datanote: CPI, Thailand, February

• In one line: Dragged down by transportation and communication base effects.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PANTHEON EM ASIA DATA WRAP 7 March 2025

Philippine sales growth remains sturdy, but the remittance lift should soon reverse

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PM Datanote: US Weekly Jobless Claims / International Trade

Challenger data point to a big rise in claims this spring.

Samuel TombsUS

UK Datanote: Construction PMI, February 2025

• In one line: Widespread uncertainty and weak demand pummel the PMI, but it should recover gradually.

Rob Wood (Chief UK Economist)UK

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

• In one line: Job growth holds up and disinflation is over.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Retail Sales, EZ, January 2025

In one line: Not the start to Q1 we’d hoped for. . 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Construction PMIs, Eurozone, February 2025

In one line: Construction downturn intensifies midway through Q1. 

Melanie Debono (Senior Eurozone Economist)Eurozone

PANTHEON EM ASIA DATA WRAP 6 March 2025

Finally seeing signs of US front-loading in Vietnamese exports, Tet noise aside
Ignore the official slip, sales growth strengthened in February
Food inflation noesdives with the help of residual Tet noise

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

PM Datanote: US ISM Services Survey, Feb.

Providing some reassurance on service sector activity.

Oliver Allen (Senior US Economist)US

PM Datanote: US ADP Employment, February

 Why use a broken compass when you have GPS?

Samuel TombsUS

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

• In one line: Catastrophic jobs balance exaggerates economic weakness, but risks to our growth forecast are firmly down.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Detailed GDP, Italy, Q4 2024

In one line: Italian growth fared better than previously thought in Q4, and should now pick up.  

Melanie Debono (Senior Eurozone Economist)Eurozone

UK Datanote: UK Car Registrations, February 2025

• In one line: Easing borrowing costs drive car registrations higher in February.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Industrial Production, France, January 2025

In one line: Ouch. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

Global Datanote: Inflation, Switzerland, February 2025

In one line: A trough, we think. 

Melanie Debono (Senior Eurozone Economist)Global