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: Spending on big items is failing to recover.
- In one line: Diesel fix still more than safe; shading our 2026 forecast.
In one line: Consistent with likely weakness in Q1, but still too downbeat overall.
- In one line: Members hold rates, but seem spooked by the Middle East crisis.
Don’t read too much into the Lunar New Year noise in Singapore’s January sales
Returning food inflation drives Philippine inflation up higher; BSP target still safe
In one line: Spanish industry stumbled at the start of the year; downside risks loom.
In one line: Stabilising, with mixed leading indicators.
In one line: China's lower growth target signals priority for structural adjustment over short-term growth
- In one line: Growth rebounded in the new year and price pressures remain strong
- In one line: The manufacturing PMI suggests activity is stable, but surging energy prices will hit sentiment.
- In one line: Strong credit flows and falling saving suggest the UK was rebounding strongly in the New Year.
- In one line: The housing market remains stable according to Nationwide, but activity will strengthen over 2026.
- In one line: Consumers’ confidence should recover in 2026 as the fundamentals improve.
Encouraging signs, but an unreliable guide to the hard data.
In one line: More hawkish data for EZ short-term bonds to digest.
- Tax refunds are up only 10% year-over-year to date, far short of the near-30% rise we expected...
- ...But a meaningful boost to growth in consumers’ spending in H1 still looks likely.
- Layoff indicators remain subdued, but the renewed fall in NFIB hiring intentions implies weak job gains.
- Higher oil prices divide exporters and importers, as markets weigh the duration of Middle East tensions.
- The oil shock and a weak Imacec highlight Chile’s fragile growth, as manufacturing struggles…
- …Rate cuts, copper strength and fiscal consolidation shape the outlook, though geopolitics is the key risk.
- BNM held rates at 2.75%, as expected, but its statement carried an unusually cautious tone.
- Singapore’s January retail sales were weaker than expected, but highly distorted by Lunar New Year.
- We raise our 2026 CPI call for the Philippines and cut that on Thailand; the difference is fuel policy.
- Premier Li set a lower growth target for 2026, as we expected, to put the focus on structural adjustment…
- …China is reliant on export growth, but that could be in jeopardy given geopolitical tensions and trade risks.
- Korea would be more vulnerable than Japan and China to a prolonged oil-price spike.
- EZ retail sales dipped in January but likely will be revised higher; French industry rebounded.
- Mr. Trump’s threats to cut off Spanish exports lack teeth; he is unlikely to restrict US LNG exports either.
- Spanish industry will feel less pain than its ‘big four’ peers if energy prices remain elevated.
