Pantheon Publications

China+ Datanote: FX Reserves, China, August

In one line: Valuation effects lift China’s FX reserves in August; expect them to drive reserves higher in H2

Global Datanote: Exports, China, August, 2025

In one line: China exports slow on low-tech weakness; US, Africa and LatAM slump offsets ASEAN strength

China+ Datanote: Exports, China, August

In one line: China exports slow on low-tech weakness; US, Africa and LatAM slump offsets ASEAN strength

China+ Datanote: Wages, Japan, July

In one line: Japan's real wage turned positive for the first time in seven months, paving the way for an October BoJ hike.

China+ Datanote: Flash Services PMI, Japan, August

In one line: Japan’s private sector activity posts its fastest rise since February, with broad based services and manufacturing improvements.

Global Datanote: Flash Mfg PMI, Japan, August, 2025

In one line: Japan’s flash manufacturing PMI nears 50, boosted largely by domestic demand.

China+ Datanote: Flash Mfg PMI, Japan, August

In one line: Japan’s flash manufacturing PMI nears 50, boosted largely by domestic demand.

Global Datanote: Exports, Japan, July, 2025

In one line: Japan’s export show strain from tariffs, with cars and steel leading declines.

China+ Datanote: Exports, Japan, July

In one line: Japan’s export show strain from tariffs, with cars and steel leading declines.

Global Datanote: 20-Day Exports, Korea, August, 2025

In one line: Korea’s 20-day exports rebound in August, monthly momentum firms despite fading US front-loading.

China+ Datanote: 20-Day Exports, Korea, August

In one line: Korea’s 20-day exports rebound in August, monthly momentum firms despite fading US front-loading.

China+ Datanote: Preliminary GDP, Japan, Q2

In one line: Japan Q2 GDP: Net trade and business investment lift growth; likely to bolster BoJ’s determination to hike.

Global Datanote: PPI, China, July, 2025

• In one line: China’s producer prices continue to fall amid involution and weak demand

China+ Datanote: PPI, China, July

In one line: China’s producer prices continue to fall amid involution and weak demand

China+ Datanote: CPI, China, July

In one line: China’s CPI stays flat in July as disinflation pressure lingers on weak demand 

PANTHEON EM ASIA DATA WRAP 11 September 2025

A robust start to Q3 for Indonesian retail sales

12 September 2025 US Monitor August's spike in services prices won't last; the details are reassuring

• Tariffs continued to lift goods prices in August; we think pass-through is now about one-third complete.
• Airline fares and accommodation services prices are unlikely to rise much further after leaping in August.
• The outsized August jump in CPI rents is just noise around a slowing trend; nothing to worry about.

12 September 2025 LatAm Monitor Brazil's inflation is slowing, but not yet tamed; Chile's BCCh on hold

• Disinflation gains traction in Brazil, but sticky core inflation will keep COPOM on high alert.
• Energy and food drive relief to the headline number, but services and labour costs still pose inflation risks.
• BCCh holds rates at 4.75% as core inflation stays firm and labour market strains delay easing path.

12 September 2025 Emerging Asia Monitor Don't panic over Philippines' jobs data, but labour demand is waning

• The Philippines’ unemployment rate in July jumped to its highest level in close to three years, at 5.3%…
• …Adverse weather rightly was to blame, but hiring intentions are now weakening more noticeably.
• Retail sales growth in Indonesia popped in July, but the long-term outlook remains very challenging.