Pantheon Publications

PM Datanote: US Employment Cost Index, Q4

The case for softer services inflation remains intact.

Oliver Allen (Senior US Economist)US

EM Asia Datanote: Core Industries, India, December

• In one line: A respectable Q4 comeback, to close out 2024.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EZ Datanote: ECB Consumer Inflation Expectations, EZ, December 2024

In one line: Edging up again. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Unemployment & State CPIs, Germany, January 2025

In one line: Unemployment is still rising; soft state CPIs can’t be extrapolated to the HICP.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PM Datanote: Sectoral activity, and Unemployment, Chile, December, 2025

• In one line: A solid end to the year, explaining the cautious tone of the BCCh.

Andrés Abadía (Chief LatAm Economist)Latin America

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

• In one line: House price inflation is trending higher despite the weak monthly gain in Nationwide's index.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Retail Sales, Spain, December 2024

In one line: Spanish retail was on fire in December. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, France, January 2025

In one line: Still (very) friendly to ECB doves.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Retail Sales, Germany, December 2024

In one line: A poor finish to 2024, but probably not as bad as initially reported.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EM Asia Datanote: Retail Sales, Thailand, November

• In one line: Support from cash stimulus starting to surface, if you squint.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

China+ Datanote: Tokyo CPI, Japan, January

Tokyo inflation bumps up on mounting food inflation

Duncan WrigleyChina+

CHINA+ DATA WRAP 31 January 2025: Tokyo inflation bumps up

Tokyo inflation bumps up on mounting food inflation

Duncan WrigleyChina+

UK Datanote: UK Money & Credit, December 2024

• In one line: Easing consumer saving should support demand, but tax hikes hit business investment.

Rob Wood (Chief UK Economist)UK

PM Datanote: US Pending Home Sales, December

Home sales likely to slump in Q1.

Oliver Allen (Senior US Economist)US

PM Datanote: US GDP, Q4

Tariff front-running prompts a surge in consumption; capex hit by Boeing strike.

Oliver Allen (Senior US Economist)US

PM Datanote: US Weekly Jobless Claims, January 25

Continuing claims consistent with flat unemployment in January.

Samuel TombsUS