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: Strong trade surplus likely offsets valuation drag on China’s FX reserves
In one line: China’s RatingDog composite PMI signals faster Q2 GDP growth; services PMI lifted by holiday demand
In one line: Hong Kong PMI partially recovers on Golden Week tourism demand and construction.
In one line: Korea’s WDA export growth accelerates further on rising chip demand.
In one line: China’s RatingDog PMI reinforces NBS evidence of softer industrial production and export growth in May
In one line: Korea’s manufacturing activity hit a 5 year high on precautionary stock-building
In one line: Holiday services demand lifts China's non-manufacturing activity, while construction activity recovers slightly
In one line: China’s official PMI weighed down by May holiday disruption and payback from March’s overshoot.
In one line: A setback, but not enough to reverse recent strength.
- In one line: Slowing growth and easing price pressures skews risks towards rates on hold in 2026.
- In one line: Construction PMI likely too downbeat, but output still set to fall over the coming months.
- In one line:Car registrations resilient in May but demand will slow as higher borrowing costs bite.
- In one line: Easing price expectations and falling jobs raise the chances of the MPC keeping rates on hold.
In one line: Early days, but industry looks on track for a solid Q2.
In one line: Regular wage growth rose above 3% for three straight months
Consumption activity rebounded in April
- Household survey data signal a stable labor market, implying a high chance of downward payroll revisions.
- The recent recovery in consumer-facing payrolls is likely to peter out now tax refunds have been spent.
- The AI drag is intensifying gradually; all leading survey indicators of payrolls point to a renewed slowdown.
- Industrial output in Brazil enters Q2 solidly, supported by commodities and resilient demand.
- Manufacturing and capital goods continue to lag, highlighting weak capex and high real rates.
- Persistent inflation and tariff risks threaten to prolong industry’s uneven recovery in H2.
- The RBI’s twin worries, over fading growth and rising inflation, point to a continued rate standstill…
- …We’ve upped our 2026 growth call to 7.0%, but the details of the ‘strong’ Q1 GDP aren’t convincing.
- Philippine and Thai CPI surprised to the downside in May, as we predicted; the BSP is still likely to hike.
- Japanese consumer spending surged in April, albeit mainly due to tax changes that spurred light truck sales.
- Solid real wage growth is partly cushioning consumers from energy worries, however.
- Governor Ueda hinted on Wednesday at a June rate hike, stressing inflation risks over growth risks.
- A crash in Irish GDP stung EZ growth in Q1, but the trend ex-Ireland was firm before the US-Iran war.
- We see EZ GDP, ex-Ireland, increasing by 0.1% in Q2, before rising a touch quicker in Q3 and Q4, to 0.2%.
- A slowdown in consumption still lies ahead as growth in real incomes takes a hit.
