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: Down but still one for the ECB hawks.
In one line: Down but still one for the ECB hawks.
In one line: Pointing to upside risks to our call for French GDP to fall in Q4.
In one line: Q4 will still be better than Q3.
In one line: Pointing to upside risks to our call for French GDP to fall in Q4.
In one line: Pointing to upside risks to our call for French GDP to fall in Q4.
In one line: Q4 will still be better than Q3.
In one line: Reviving manufacturing activity but mounting cost pressures
Japan's flash PMIs find reviving manufacturing activity but mounting cost pressures
An anticlimactic end for India’s PMIs to 2025
Q3 SHOULD BE THE PEAK IN INDIA’S ABSURD GDP DATA
- …TAIWANESE EXPORTS SHOWING NO SIGN OF PAUSING
Likely a high watermark for now.
Manufacturing capex and hiring likely to remain very weak
- In one line: Historic leap in gold imports in October unwinds dramatically.
- Core CPI inflation likely fell to 2.9% in November, slightly below consensus, from 3.0% in September.
- Auto prices have remained unaffected by tariffs; increases in other goods prices have slowed.
- The rebound in airline fares probably has petered out; rent increases likely continue to slow gradually.
- A landslide election resets Chile’s political cycle, restoring a pro-market-reform agenda.
- Early fiscal consolidation, tax reform and deregulation will test credibility and sustain the market rally.
- The benign macro backdrop and BCCh easing create a narrow window to lift capex and potential growth.
- China’s November activity data point to slowing goods consumption but steady services spending.
- Still-falling fixed asset investment has yet to benefit from the quasi-fiscal-stimulus funding support.
- Policymakers will proceed cautiously on tackling the reasons for the weak demand, amid bright exports.
- Our spot forecasts for EZ GDP have outperformed the consensus and the ECB so far this year…
- …We have improved our EZ inflation forecasts by incorporating our new energy model.
- We misjudged the dovishness of the new SNB Chairman, affecting our forecasting track record.
- Official house prices fell in September, and we think activity will remain weak in Q4…
- ...But the private-sector house price indices are rising again, and surveyors are becoming more optimistic.
- So, we look for house price inflation of 3.0% in Q4 2026, up from 2.25% in Q4 2025.
In one line: A decent start to Q4.
