Pantheon Publications

EZ Datanote: Advance Inflation, France, April 2026

In one line: Lifted by a further surge in energy inflation. 

EZ Datanote: Retail Sales, Germany, March 2026

In one line: Grim, but appear unduly depressed by seasonals. 

EZ Datanote: Advance GDP, France, Q1 2026

In one line: Stung by falling energy consumption and plunge in construction. 

Global Datanote: Manufacturing PMIs, China, April 2026

• In one line: Resilient to the energy shock so far

CHINA+ DATA WRAP 30 April 2026: Manufacturing sector resilient to energy shock

In one line: China's manufacturing sector holds up well in April; Services slows after the holiday boost; Construction PMI drop is puzzling

PANTHEON EM ASIA DATA WRAP 30 April 2026

A broadly constructive deterioration of the Philippines' trade balance in Q1

Global Datanote: Monetary policy meeting, Brazil, April, 2026

• In one line: Copom cuts, but rising inflation keeps the easing cycle cautious.

PM Datanote: US Housing Starts, February/March 2026

Spending growth probably still slowing, labor market still weak.

PM Datanote: US Advance Economic Indicators, March 2026

Q1 GDP now on track for sub-2% growth.

EZ Datanote: Advance Inflation, Germany, April 2026

In one line: Services flattered by plunge in package holiday inflation. 

EZ Datanote: EC ESI, Eurozone, April 2026

In one line: Inflation expectations soar, sentiment slumps.

EZ Datanote: Money Supply, Eurozone, March 2026

In one line: Real M1 growth is holding up, for now. 

EZ Datanote: ISTAT Business Confidence, Italy, April 2026

In one line: Broad-based fall in confidence; inflation expectations soar.  

EZ Datanote: State CPIs, Germany, April 2026

In one line: Temporary relief from plunge in package holiday inflation. 

April 2026 - UK Chartbook

GROWTH HOLDS UP WHILE INFLATION JUMPS...

• …SO WE EXPECT AN MPC RATE HIKE IN JUNE

April 2026- EZ Economic Chartbook

THE EUROZONE IS SLIPPING BACK INTO STAGFLATION…

• …THE ECB WILL FOCUS ON INFLATION WITH TWO RATE HIKES THIS YEAR

1 May 2026 US Monitor Growth outside the tech sector was sluggish in Q1, before the Iran war

• GDP grew by 2.0% in Q1, but underlying momentum was weak even before the energy shock hit in full. 
• Consumers’ spending slowed further, while investment outside the tech sector dipped again.
• Core PCE inflation will climb further in the near term, but we expect it to be back below 3% by year-end.

1 May 2026 LatAm Monitor COPOM's cautious second rate cut; Chile on hold as the oil shock hits

• Brazil’s COPOM continued its cautious easing, as rising inflation risk limits scope for greater action…
• …The oil shock and fiscal uncertainty complicate the policy outlook, reinforcing the need for gradual cuts.
• Oil-related inflation risks rise, while weaker domestic activity keeps BCCh firmly in wait-and-see mode.

1 May 2026 Emerging Asia Monitor Taiwan's Q1 GDP growth beats all expectations, hitting 13.7%

• Taiwan’s Q1 GDP growth reached new heights, at 13.7%, smashing all expectations...
• …Consumption has been stronger than expected since Q4, but we think this is a false flag.
• We still expect GDP growth to moderate in 2026, due to the Iran war and high base effects.

1 May 2026 China+ Monitor China's April manufacturing PMIs hint at front-loading by exporters

• China’s manufacturing PMIs held up well in April, despite the disruption from the war in the Middle East.
• This resilience should continue in the near term, though exports are likely to slow as global demand fades.
• The weak construction PMI likely reflects bad weather; the infrastructure investment rebound should continue.