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.
- Headline inflation is stabilising in Brazil, but services remain sticky amid wage pressures.
- A stronger BRL and falling input prices are helping, but tariff noise and politics cloud the outlook.
- PMIs signal weakening activity; firms are cutting back on hiring and capex as confidence deteriorates.
- Indonesia’s Q2 fiscal belt-tightening is reassuring in terms of policy credibility, if bad for growth,…
- …The urgency to restrain spending should fade from Q3, with revenue growth set to recover gradually.
- The overtly dovish Mr. Vitai has been chosen to head the BoT; we now see two 25bp rate cuts in Q4.
- Tokyo headline inflation declined in July, due to energy subsidies for households.
- But the BoJ will focus on the upward creep in food inflation, despite rice inflation slowing in some data.
- The Bank is likely to take a somewhat rosier view of growth prospects at this Thursday’s meeting.
- EZ money supply growth slowed in June, but the trend is solid and the credit impulse improved again.
- IFO expectations in Germany are rising across almost all sectors; is a cyclical upturn underway?
- French consumer confidence rose marginally in July, but Italy’s IESI was held back by services weakness.
- We reiterate our Q2 GDP growth call of 0.2% quarter-to-quarter after retail sales improved in June.
- Over-50s’ confidence disconnected from spending, possibly as political views drive sentiment more.
- Under-50s are optimistic, consistent with retail volumes growing by 2% year-over-year.
Bounce in the PMI looks too good to be true.
Auto shutdowns distort the picture; labor market likely still loosening.
- In one line: Manufacturing activity will continue to recover from the tariff-induced slowdown.
- In one line: Enough for the MPC to cut, but watch for chunky revisions in the final release.
In one line: September cut less certain?
In one line: September cut less certain?
In one line: Still on track for a final rate cut in September.
In one line: Still on track for a final rate cut in September.
- In one line: Core inflation softens, allowing further monetary policy normalisation.
In one line: Not much to see; near-term downside risks persist.
In one line: Nothing in here to suggest an ECB rate cut today.
In one line: Nothing in here to suggest an ECB rate cut today.
In one line: The German economy was barely growing in July.
In one line: The German economy was barely growing in July.
In one line: Not much to see; near-term downside risks persist.
