Pantheon Publications

Below is a list of our Publications for the last 6 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.

7 January 2025 Emerging Asia Monitor Dissecting Vietnam's Q4 GDP, with one hand tied behind our back

GDP growth in Vietnam surprised to the upside in Q4, rising to 7.6% from 7.4% in Q3…
…Services popped, thanks to a leap in tourism, but we’re sceptical about the strength in overall retail.
Industrial growth—while still healthy—moderated; signs point to more softness in early 2025, at least.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

7 January 2025 LatAm Monitor Chile wraps up 2024 on a decent note, but the outlook is tougher

Chile’s decent economic growth continued in Q4, yet inflation pressures pose significant issues ahead.
Improved consumption is driving growth, but mining and services are faltering; more rate cuts are needed.
BCCh’s recent rate cuts signal cautious optimism, but external noise and rising labour costs are threats.

Andrés Abadía (Chief LatAm Economist)Latin America

7 January 2025 China+ Monitor China's service sector boosted by stimulus, but sentiment is waning

Both of China's December services PMIs point to higher activity, thanks to short-term stimulus.
But sentiment has plunged since the US election, with firms worried about protectionism.
More targeted stimulus is coming, including reported public-sector wage hikes.

Duncan WrigleyChina+

7 January 2025 Eurozone Monitor Eurozone headline inflation will overshoot consensus today

German inflation overshoots expectations; we now see EZ HICP inflation at 2.6% in December.
A rebound in services pulled the EZ PMIs higher in December, amid still-depressed manufacturing.
Seasonals, investor sentiment and firming real M1 growth promise a further rise in the EZ PMI in Q1.

Claus Vistesen (Chief Eurozone Economist)Eurozone

7 January 2025 UK Monitor PMI signals slower growth and faster inflation

We cut our Q4 GDP growth forecast to 0.1% quarter-to-quarter after the disappointing December PMI.
But the Q4 BCC survey indicates employment is holding up better than the disastrous PMI implies.
The MPC will wait for the hard data to roll in before giving firmer guidance on interest rates.

Rob Wood (Chief UK Economist)UK

Global Datanote: Sentix & Final PMIs, Eurozone, Jan/Dec

In one line: Relief in the PMIs; investor sentiment and seasonals signal further gains ahead.

Claus Vistesen (Chief Eurozone Economist)Global

EZ Datanote: Sentix & Final PMIs, Eurozone, Jan/Dec

In one line: Relief in the PMIs; investor sentiment and seasonals signal further gains ahead.

Claus Vistesen (Chief Eurozone Economist)Eurozone

PANTHEON EM ASIA DATA WRAP 6 January 2025

A scorching end to 2024 for Vietnamese services
Exports in Vietnam are once again finding their feet
Not buying the five-month high in Vietnamese sales growth
Vietnamese inflation stays under 3% for a fourth month
Turnaround in Thai transportation & communication CPI should soon peak

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

CHINA+ DATA WRAP 6 January 2025: China's Caixin services PMI rises

China's Caixin services PMI rises at year-end, despite sagging export orders and sentiment

Duncan WrigleyChina+

PM Datanote: US ISM Manufacturing Survey, December

Early signs of improvement, but still depressed.

Oliver Allen (Senior US Economist)US

EZ Datanote: Unemployment, Germany, December 2024

In one line: Better than markets expected, but surveys warn of accelerating weakness in Q1.

Claus Vistesen (Chief Eurozone Economist)Eurozone

China+ Datanote: Exports, Korea, December

In one line: Despite upside surprises on headline numbers, Korean WDA exports weakened in December amid regional demand slowdown and political uncertainty

Kelvin Lam (Senior China+ Economist)China+