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.

6 May 2025 Emerging Asia Monitor A hot--if skin-deep--April CPI print in Indonesia; more of such to come

Indonesian CPI came in above expectations in April, mainly reflecting the end of power discounts.
The consensus for the Philippines’ Q1 GDP is well-positioned; we expect a similar-ish 5.8% print.
The MAS is likely to ease policy further in July, but October could be more 50-50.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

6 May 2025 Eurozone Monitor Soft headline inflation will pave the way for a 1.75% depo-rate by July

Jump in April core inflation was due to Easter effects in services; the remaining components were soft.
Dovish forecasts from the ECB will pave the way for for a back-to-back 25bp rate cut next month…
…and we now look for an additional 25bp cut in July, but also hikes next year, in June and September.

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: Economic activity index, Chile, March, 2025

In one line: Q1 ends on a strong note, but growth set to slow.

Andrés Abadía (Chief LatAm Economist)Global

PM Datanote: Economic activity index, Chile, March, 2025

In one line: Q1 ends on a strong note, but growth set to slow.

Andrés Abadía (Chief LatAm Economist)Latin America

EZ Datanote: PMI, Switzerland, April 2025

In one line: Consistent with slower growth in Q2.

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: Advance Inflation, Eurozone, April 2025 & Unemployment, Eurozone, March 2025

In one line: Inflation held steady, but declines are coming; we are adding a July ECB rate cut.

Melanie Debono (Senior Eurozone Economist)Global

EZ Datanote: Advance Inflation, Eurozone, April 2025 & Unemployment, Eurozone, March 2025

In one line: Inflation held steady, but declines are coming; we are adding a July ECB rate cut.

Melanie Debono (Senior Eurozone Economist)Eurozone

Global Datanote: CPI, Indonesia, April

In one line: Electricity discounts are now well and truly a thing of the past.

Miguel Chanco (Chief EM Asia Economist)Global

PANTHEON EM ASIA DATA WRAP 2 May 2025

Indonesia’s electricity discounts are now well and truly a thing of the past

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

Global Datanote: ISM Manufacturing Survey, US, April, 2025

In one line: Headline index steady in April; but a lot of pain lies ahead.

Samuel TombsGlobal

PM Datanote: US ISM Manufacturing Survey, April

Headline index steady in April; but a lot of pain lies ahead.

Samuel TombsUS

5 May 2025 US Monitor Uncertainty over tariffs hasn't killed jobs yet, but their imposition will hurt

Tariff uncertainty supported payrolls in April, by temporarily boosting the logistics and retail sectors...
...But hiring intentions have weakened and a sharp decline in activity in the logistics sector is in train.
We’re pushing back our forecast for Fed easing to July, from June, but we still expect 75bp this year.

Samuel TombsUS

5 May 2025 LatAm Monitor BanRep resumes easing with caution

Colombia’s central bank resumes its cautious easing cycle amid fragile growth and persistent inflation risks.
BanRep balances disinflation momentum with fiscal slippage and intensifying external noise.
Uncoordinated policy signals undermine credibility as Colombia faces deteriorating fundamentals.

Andrés Abadía (Chief LatAm Economist)Latin America