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: 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.
- In one line: Recovering to a four-month high, with some help from base effects.
- In one line: Recovering to a four-month high, with some help from base effects.
In one line: Unwelcome rise in services selling price expectations.
In one line: Steady, and solid, growth in EZ money supply.
In one line: Stung by crash in net trade.
- In one line: A less-dovish cut, but expect at least one more before the end of 2025.
- In one line: A less-dovish cut, but expect at least one more before the end of 2025.
In one line: BoK stays put amid US pressure not to weaken currency
In one line: BoK stays put amid US pressure not to weaken currency
BI—RIGHTLY—ISN’T BUYING THE ‘STRONG’ Q2 GDP
- …TAIWAN’S EXPORT OUTPERFORMANCE HAS STAYING POWER
EZ ECONOMY SLOWS AS TARIFF HIKES START TO BITE…
- …BUT OUR CALL FOR A SEPTEMBER RATE CUT IS NOW ON LIFE SUPPORT
- QCEW data up to Q4 2024 imply payrolls have been overestimated substantially; Q1 data will be weak too...
- ...But QCEW data are revised too; the preliminary estimate of the benchmark revision is usually too downbeat.
- The birth-death model has been too generous again; unauthorized workers also will be removed from the data.
- The BSP eased policy further yesterday, by 25bp, cutting the TRR rate to 5.00%, as widely expected…
- …But its rhetoric was much less dovish; Governor Remolona now thinks the rate is in the “sweet spot”.
- We continue to see one more cut, but this is unlikely to come until December, after the Q3 GDP report.
- The BoK left the policy rate unchanged yesterday, citing household-debt worries.
- The Bank is probably also seeking to avoid upsetting the US with a rate cut which could weaken the KRW.
- A likely government housing-supply plan and Fed rate cut in September should allow a BoK rate cut in Q4.
