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.
- A 100bp rate hike signals alarm over inflation expectations after Colombia’s huge minimum-wage increase.
- Board divisions, fiscal slippage and fuel subsidies complicate BanRep’s efforts to restore policy credibility.
- Strong demand and tight job markets force the Bank to prioritise controlling inflation over near-term growth.
- Taiwan’s Q4 GDP growth surged to a blockbuster 12.7%, above the unjustifiable 8.8% consensus...
- …Exports did the heavy lifting, though even we were taken aback by the rebound in consumption.
- The MAS held policy steady; we see little need for tightening with imported inflation still non-existent.
- China’s manufacturing PMIs for January diverged, pointing to robust high-tech versus weak low-tech.
- Soft data for output prices improved, but this likely reflects a narrow set of prices, like non-ferrous metals.
- Construction-sector sentiment slumped to its lowest since the outbreak of Covid, despite policy support.
- The ECB will hold rates steady this week, amid data to suit both hawkish and dovish policymakers.
- German retail sales rose by 0.3% quarter-to-quarter in Q4, reversing weakness in Q3.
- The Swiss PMIs point to a rebound in growth in early 2026, matching our forecasts.
- Mining output likely rose sharply in December as Brent and Forties loadings surged…
- ...but falling manufacturing activity and energy supply output will drag on GDP growth.
- We expect quarter-to-quarter GDP growth in Q4 of 0.1%, but it could tip to 0.2%.
STARTING Q1 WITH SOFT GROWTH AND SELECTIVE POLICY EASING
- DISINFLATION HELPS, BUT POLITICS DOMINATE THE OUTLOOK
In one line: Tentative signs of a recovery after the mayhem of 2025.
In one line: Tentative signs of a recovery after the mayhem of 2025.
- In one line: House price inflation will continue to steadily rise over the coming year.
In one line: China's manufacturing PMIs indicate sharp divergence between old and new industries
In one line: China's manufacturing PMIs indicate sharp divergence between old and new industries; Korean PMI lifted by AI-related chip sector
- In one line: A deceptively soft headline.
- In one line: Two-way trade ends 2025 on a solid note.
- In one line: Sturdy momentum is holding up.
Sturdy manufacturing momentum in ASEAN is holding up
Two-way trade in Indonesia ends 2025 on a solid note
A deceptively soft January headline CPI print in Indonesia
In one line: Decent Q4, with revisions now signalling strong growth in 2025.
In one line: China industrial profits 2025: first positive turn in four years, but the path forward remains challenging
In one line: BoJ stands pats in January, but inflation momentum keeps tightening chances intact.
In one line: Japan’s PMIs jump in January, pointing to firmer labour demand, especially in manufacturing.
In one line: Japan CPI slump driven by energy and fresh food; underlying inflation remains sticky
