Pantheon Publications
Below is a list of our Publications for the last 5 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
Please use the filters on the right to search for a specific date or topic.
- In one line: BanRep hikes again, doubling down on credibility.
- In one line: House price inflation has further to drop as the Iran War dents sentiment and boosts borrowing costs.
- In one line:Retail sales supporting GDP in Q1, but consumers’ spending growth will ease in the coming months.
- In one line: Consumers’ confidence has further to fall in 2026.
- In one line: Households and businesses on solid financial footing heading into the energy price shock.
- In one line: The housing market will weaken over the course of 2026.
No sign of the labor market turning a corner.
- February’s solid retail sales likely were lifted by the weather and a short-lived boost from tax refunds.
- The underlying trend probably is still soft, and looks set to slow further amid the shock to energy prices.
- We think consumption growth of around 2% in Q1 will be followed by unchanged spending in Q2.
- Mexican peso — Policy shift weakens the carry story
- Colombian peso — Carry and oil drive outperformance
- Chilean peso — Oil shock dominates the outlook
- Stagflationary signs were seen in ASEAN’s PMI, as in India, but inflation is a bigger worry for the former.
- Indonesia’s soft March CPI is a big misdirect; we now see an eventual fuel price hike of 5% this year…
- …February’s export print was a let-down, but should mark the year’s low, as commodities will soon help.
- Higher energy prices in March more than offset the disinflationary impact of the strong Swiss franc....
- ....and likely pushed the headline inflation rate in Switzerland to 0.6%, from 0.1% in February.
- A surge in price-setting expectations suggests inflation will pick up quickly over the coming months.
- The housing market was solid before the energy price shock, but activity will grind lower in 2026.
- Measures of supply are ticking up, which will put further pressure on prices.
- We look for house price inflation of 1.0% in Q4 2026, down from our previous forecast of 3.0%.
In one line: The stagflation shock is underway.
In one line: The stagflation shock is underway.
In one line: Stable, but renewed risks now loom.
In one line: Risks tilted to upside for EZ inflation; spending stung by weakness in both core and energy.
- In one line: Underlying spending growth was still in recovery mode pre-Iran war.
In one line: Slowing before the energy shock.
In one line: China’s manufacturing PMI buoyed by post-holiday seasonality; oil price shock hits input prices
In one line: China's manufacturing activity resilient, despite jump in energy-related costs
