Pantheon Publications

Global Datanote: INSEE Consumer Confidence & Flash PMIs, France, October 2025

In one line: PMIs remain terrible, but INSEE survey data look better.

EZ Datanote: INSEE Consumer Confidence & Flash PMIs, France, October 2025

In one line: PMIs remain terrible, but INSEE survey data look better.

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

In one line: Fading demand weighs on flash PMI manufacturing activity

Global Datanote: Exports, National CPI, Japan, September

In one line:  BoJ won’t be shocked by modest rise in inflation; likely to hold rates next week waiting for clarity on the new government’s fiscal easing

CHINA+ DATA WRAP 24 October 2025: Modest rise in inflation won't shock BoJ

In one line: BoJ won’t be shocked by modest rise in inflation; likely to hold rates next week waiting for clarity on the new government’s fiscal easing 

PANTHEON EM ASIA DATA WRAP 24 October 2025

The 2025 upswing in India's PMIs has stalled

October 2025- Emerging Asia Chartbook

SURPRISE HOLDS FROM THE BOT AND BI WON’T LAST

• …A SERIES OF EARLY-Q3 GDP UPSIDE SHOCKS IN ASEAN

PM Datanote: US Existing Home Sales, September 2025

Lower mortgage rates boost sales, but major headwinds remain.

EZ Datanote: Advance Consumer Confidence, Eurozone, October 2025

In one line: On the up, but still subdued. 

UK Datanote: U.K. CBI Industrial Trends Survey, October 2025

• In one line: Manufacturing activity will manage only small gains in the coming months.

EM Asia Datanote: Retail Sales, Taiwan, September 2025

• In one line: Back in contraction.

EZ Datanote: INSEE Business Confidence, France, October 2025

In one line: Punchy headline, but details remain flaky. 

Global Datanote: Economic activity index, Mexico, August, 2025

• In one line: Uneven performance, but risks remain tilted to the downside.

PM Datanote: Economic activity index, Mexico, August, 2025

• In one line: Uneven performance, but risks remain tilted to the downside.

Global Datanote: Bank Indonesia Decision, October 2025

• In one line: Another month, another surprise… this time for a pause, as the Board adopts wait-and-see.

EM Asia Datanote: Bank Indonesia Decision, October 2025

• In one line: Another month, another surprise… this time for a pause, as the Board adopts wait-and-see.

24 October 2025 US Monitor Are payrolls a more reliable cyclical guide than GDP

• Payroll trends have consistently been a good guide to the economy’s momentum in the past. 
• Job growth often responds far more quickly at major turning points than contemperaneous GDP. 
• The current near-stagnation in job gains is alarming, despite the relatively healthy economic activity data.

24 October 2025 LatAm Monitor Mexico's economy weakened in Q3, but fragile stabilisation lies ahead

• Industry in Mexico remains in contraction, with services sustaining limited but consistent growth.
• Easing headline inflation gives Banxico room to make cautious, data-driven policy rate cuts.
• Fiscal support and lower rates will help cushion growth, but structural headwinds persist into 2026.

24 October 2025 Emerging Asia Monitor Years of poor real wage growth in Taiwan means no growth in retail

• Taiwan retail sales slipped back into contraction in September, as motor sales plunged yet again.
• Strong economic growth contrasts sharply with sluggish wages and weak household spending…
• …Nonetheless, exports should stand out in next week’s Q3 GDP data; we expect an acceleration.

24 October 2025 China+ Monitor BoK stands pat this month, but November rate cut still in play

• The BoK held the policy rate yesterday, while signalling its readiness for a rate cut next month...
• ...But only if the KRW stabilises, in turn resting on US-Korea talks, and if the Seoul property market cools.
• China’s Fourth Plenum signalled continued reliance on the manufacturing-export growth model.