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.
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- Firms are putting the Budget circus behind them, despite a disappointing headline PMI.
- Surveys of job growth improved in December, and redundancies dropped after a post-Budget surge.
- The DMP shows wage growth and inflation stuck well above target-consistent rates.
HOUSE PRICE INFLATION REMAINED MUTED IN OCTOBER...
- ...BUT ACTIVITY WILL PICK UP OVER THE COURSE OF 2026
In one line: China’s FX reserves rise on currency valuation gains as dollar weakens in December
In one line: China’s manufacturing PMIs edges back into expansion, but sustainability remains in question
In one line: China's manufacturing and non-manufacturing PMIs rebound, but momentum looks fragile
In one line: Modestly hawkish as selling prices rise and unemployment dips.
In one line: Still high, but not a decisive hawkish signal for the ECB
In one line: December inflation confirms that 2026 likely will be an uneventful year for the SNB.
In one line: December inflation confirms that 2026 likely will be an uneventful year for the SNB.
In one line: Sizzling, but at odds with weakening surveys.
In one line: BoJ won't be fazed by slowing headline wage growth, as regular pay growth is relatively steady
Still an unreliable guide to services spending.
- Unadjusted initial and continuing jobless claims are almost unchanged from a year ago...
- ...But this is partly due to low seasonal hiring; claims also miss rising youth and long-term unemployment.
- The Q3 productivity jump merely returns it to trend; tariffs and immigration curbs will limit growth in 2026.
- Sticky core inflation and narrowing policy leeway push Banxico to pause before cautious easing can resume…
- …Temporary fiscal and wage shocks will lift near-term inflation, but disinflation will maintain its easing bias.
- Disinflation is holding in Chile as policy nears neutral and the easing cycle approaches its end.
- Swiss CPI in December eliminates the risk of deflation, as well as questions about negative rates.
- German factory orders rose strongly midway through Q4, but surveys signal downside risks.
- Falling unemployment and rising selling prices in the ESI tilt hawkish after dovish December inflation data.
- Manufacturing output likely rose in November as auto production recovered after the JLR cyber attack.
- Leading indicators suggest that consumer-facing services were spared the worst of pre-Budget worries.
- Output growth in Q4 2025 will likely run close to the MPC’s forecast and the steer from the PMI.
In one line: The ECB’s December forecasts now look too hawkish.
- In one line: The ECB’s December forecasts now look too hawkish.
- In one line: Discounting and post-Budget relief boost autos sales in December, but the trend remains upwards.
