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: Solid credit flows and rising mortgage approvals signal confidence amongst business and households.
- In one line: The housing market is still stuttering after April’s stamp-duty hike, but prices will rise in H2.
- In one line: The fall in the Manufacturing PMI looks like a blip, sentiment should improve as tariff uncertainty abates.
In one line: Down to a record low.
- In one line: WDA-export growth holds up despite tariff ructions
- In one line: Modest activity gains
In one line: China's manufacturing PMIs post modest gains; Korean exports propped up by chip exports
- In one line: Surprisingly soft all around.
- In one line: Still-robust export growth is driving the trade surplus to its highest in years.
Still-robust export growth is driving Indonesia’s trade surplus to its highest in years
Surprisingly soft CPI numbers all around for August
- India’s ‘strong’ Q2 GDP, at 7.8%, was in large part down to a big, positive swing from discrepancies.
- The data for Q3 so far point to another 7.0% print, at least; we now see full-year GDP growth at this pace.
- We’ve cut our 2026 GDP growth forecast markedly, to 6.0%, taking into account the likely US tariff hit.
- History suggests that China’s stock-market rally could boost GDP but won’t do much for consumer sentiment.
- Policymakers will opt for targeted policy support, lest broad easing drives excessive funds into stocks.
- Tokyo headline inflation slowed in August due to energy subsidies; food inflation remains elevated.
- It’s a coin toss between EZ headline inflation at 2.1% or 2.0% in August, but what happened in the core?
- Early consumers’ spending data for July point to downside risks to growth in Q3.
- Germany’s labour market seems to be turning a corner, and ECB inflation expectations are elevated.
- Data in the past month have been hawkish: rising GDP, a recovering job market and strong inflation.
- We retain our call for quarter-to-quarter GDP growth of 0.2% in Q3, matching the consensus estimate.
- Strong growth and sticky inflation mean we expect the MPC to keep rates on hold for the rest of 2025.
- In one line: Flattered hugely by discrepancies, but some reassuring details nonetheless.
- In one line: Ignore the June bounce; consumption is still very much slowing.
In one line: Hinting at a fall in Q3.
In one line: Tokyo inflation fall mainly due to energy subsidies
Very mixed start to Philippine two-way trade at the start of Q3
Further falls in prices likely needed to get sales moving again.
