Pantheon Publications

CHINA+ DATA WRAP 1 May 2025: BoJ adopts bearish inflation outlook

BoJ's newly bearish tone on inflation risks supports our view that rate hikes are on hold this year

Duncan WrigleyChina+

PM Datanote: BanRep Announcement, Colombia, April, 2025

• In one line: Surprise rate cut signals cautious support for the recovery.

Andrés Abadía (Chief LatAm Economist)Latin America

Global Datanote: BanRep Announcement, Colombia, April, 2025

• In one line: Surprise rate cut signals cautious support for the recovery.

Andrés Abadía (Chief LatAm Economist)Global

April 2025 - Latin America Chartbook

LATAM SHIELDS ITSELF AMID TARIFF TURMOIL…

• …BUT VULNERABILITIES AND RISKS REMAIN ELEVATED

Andrés Abadía (Chief LatAm Economist)Latin America

UK Datanote: U.K. Nationwide House Prices, April 2025

• In one line: House prices fall in April as the rush to beat stamp duty increases unwinds, they will rise in H2.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Advance GDP, EZ, Q1 2025

In one line: GDP growth pick up in Q1 will prove short-lived as trade uncertainty hits. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: State CPIs & Unemployment, Germany, April/March 2025

In one line: Germany CPI looks softer than we anticipated, but core inflation rose. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

Global Datanote: Advance GDP, Mexico, Q1, 2025

• In one line: Agricultural rebound masks broad-based weakness.

Andrés Abadía (Chief LatAm Economist)Global

PM Datanote: Advance GDP, Mexico, Q1, 2025

• In one line: Agricultural rebound masks broad-based weakness.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: Industrial Production and Retail Sales, Chile, March, 2025

• In one line: Consumption resilient amid headwinds, but confidence wavers as external risks build.

Andrés Abadía (Chief LatAm Economist)Latin America

EZ Datanote: Advance GDP, Italy & Germany, Q1 2025

In one line: Supporting our above-consensus EZ call. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Advance Inflation, France, April 2025

In one line: HICP coming in hot. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

EM Asia Datanote: Retail Sales, Thailand, February

• In one line: Ignore the inflated headline, but households had a decent Q1.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EZ Datanote: Retail Sales, Germany, March 2025

In one line: Growth slowed in Q1 after a strong H2-24. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

Global Datanote: Bank of Thailand Decision

• In one line: Compelled by the US’ tariff war, and allowed for by a resumption of sub-1% inflation.

Miguel Chanco (Chief EM Asia Economist)Global

EM Asia Datanote: Bank of Thailand Decision

• In one line: Compelled by the US’ tariff war, and allowed for by a resumption of sub-1% inflation.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

EZ Datanote: Advance GDP, France, Q1 2025

In one line: Barely growing, and trade uncertainty could well keep it that way in 2025. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

China+ Datanote: Manufacturing PMIs, China, April

Manufacturing activity bashed by tariff war

Duncan WrigleyChina+

CHINA+ DATA WRAP 30 April 2025: Manufacturing activity bashed by tariff war

Manufacturing activity bashed by tariff war
Non-manufacturing activity slows

Duncan WrigleyChina+

PANTHEON EM ASIA DATA WRAP 30 April 2025

Underneath the surface; a weak close to a robust Q1 for Philippine trade

Miguel Chanco (Chief EM Asia Economist)Emerging Asia