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Welcome to Pantheon Macroeconomics, leading provider of Independent Macroeconomic Research

Samuel Tombs

Samuel Tombs

Samuel Tombs has won multiple awards for his UK forecasts. He had the highest average forecast score in Bloomberg's 2021 panel

Miguel Chanco

Miguel Chanco

Miguel Chanco helps to produce Pantheon's Asia service, having covered several parts of the region for nearly ten years. He was most recently the Lead Analyst for ASEAN at the Economist Intelligence Unit. Prior to that role, Miguel focused on India and frontier markets in South Asia for Capital Economics and BMI Research, Fitch Group.

PM Datanote: Car Registrations, EU 27, October

PM Datanote: Car Registrations, EU 27, October

In one line: Car sales still going downhill. 

Ian Shepherdson

Ian Shepherdson

Ian Shepherdson's mission is to present complex economic ideas in a clear, understandable and actionable manner to financial market professionals. He has worked in and around financial markets for more than 20 years, developing a strong sense for what is important to investors, traders, salespeople and risk managers.

About Us

About Us

Pantheon Macroeconomics aims to be the premier provider of unbiased, independent macroeconomic research to financial market professionals around the world

Pantheon ranked top forecaster of the U.K. economy in 2018

Pantheon ranked top forecaster of the U.K. economy in 2018

We are pleased to announce that our Chief U.K. Economist, Samuel Tombs, was ranked the most accurate forecaster of the U.K. economy in 2018 by The Sunday Times.

format testing

format testing

In one line: Permits are the key number, and they are headed back up.

Robert Wood

Robert Wood

Rob Wood topped the Sunday Times annual ranking of forecasters for the UK economy in 2020, and has earned plaudits for his forecasting

Datanotes

Datanotes

Short, punchy analysis of major economic data, emailed within a few minutes of their release

Claus Vistesen

Claus Vistesen

Claus Vistesen has several years' experience in the independent macro research space, as a freelancer, consultant and, latterly, as Head of Research of Variant Perception, Inc. He holds Master's degrees in economics and finance from the Copenhagen Business School and the University of Hull.

Andres Abadia

Andres Abadia

Andres Abadia authors our Latin American service. Andres is a native of Colombia and has many years' experience covering the global economy, with a particular focus on Latin America. In 2017, he won the Thomson Reuters Starmine Top Forecaster Award for Latam FX.Andres's research covers Brazil, Mexico, Argentina, Chile, Colombia, Peru and Venezuela, focusing on economic, political and financial developments. The countries of Latin America differ substantially in terms of structure, business cycle and politics, and Andres' researchhighlights the impact of these differences on currencies, interest rates and equity markets. He believes that most LatAm economies are heavily influenced by cyclical forces in the U.S. and China, as well as domestic policy shocks and local politics. He keeps a close eye on both external and domestic developments to forecast their effects on LatAm economies, monetary policy, and financial markets.Before starting to work at Pantheon Macroeconomics in 2013, Dr. Abadia was the Head of Research for Arcalia/Bancaja (now Bankia) in Madrid, and formerly Chief Economist for the same institution. Previously, he worked at Ahorro Coporacion Financiera, as an Economist.Andres earned a PhD in Applied Economics, and a Masters Degree in Economics and International Business Administration from Universidad Autónoma de Madrid, and a BSc in Economics from the Universidad Externado de Colombia.

Other Services

Other Services

Other services from Pantheon.

Duncan Wrigley

Duncan Wrigley

Duncan produces the China+ Service for Pantheon, covering China, Japan and Korea. He was previously Chief Strategist at Everbright Securities International.

Melanie Debono

Melanie Debono

Melanie joined Pantheon in 2021 with nearly a decade's experience in independent economic research. She focuses on the Eurozone, with particular emphasis on Italy and Spain, and also covers Switzerland and SNB policy.

Daily Economic Monitor

Daily Economic Monitor

Daily economic research from the U.S., Eurozone, Latin America, U.K. and Asia

Products and Services

Products and Services

Our Independent Economic Research is presented in a number of different formats

Chartbook

Chartbook

Monthly publication telling the economic story of each region in roughly 40 charts

Weekly Economic Monitor

Weekly Economic Monitor

Weekly economic research from the U.S., Eurozone, Latin America, U.K. and Asia

Moorthy Krshnan

Moorthy Krshnan

Moorthy joined Pantheon in 2022 with several years' experience in independent macro research. He focuses on Emerging and North-East Asia.Prior to joining Pantheon, Moorthy worked at Oxford Economics in the Macro-forecasting team, where he covered economics in South and South-East Asia. Moorthy holds undergraduate degrees in Economics from the National University of Singapore and the University of North Carolina (Chapel Hill) and a master's degree from the LSE.

UK Housing Watch

UK Housing Watch

40 illuminating charts, covering all aspects of the market, followed by a detailed forecast page.

Kelvin Lam

Kelvin Lam

Kelvin Lam has spent a decade and a half working in financial institutions in London and Hong Kong, focusing on macroeconomic research.

Careers

Careers

Careers at Pantheon Macroeconomics

Latin America

Latin America

Latin America Document Vault

Eurozone

Eurozone

Eurozone Document Vault

China+

China+

China+ Document Vault

Global

Global

Global Document Vault

UK

UK

U.K. Document Vault

US

US

U.S. Document Vault

Emerging Asia

Emerging Asia

Emerging Asia Document Vault

Jonathan Loynes

Jonathan Loynes

Jonathan Loynes is an experienced macro-economist who spent 18 years at economic consultancy Capital Economics, latterly as Chief Economist.

Oliver Allen

Oliver Allen

Oliver joined Pantheon in January 2024 to focus on the U.S. economy. Oliver brings several years' experience in independent macro research

PM Datanote: U.S. Weekly Jobless Claims/Philly Fed, November

PM Datanote: U.S. Weekly Jobless Claims/Philly Fed, November

Layoffs hit 12-week high, but remain below cycle peaks, for now

PANTHEON EM ASIA DATA WRAP 20 November 2023

PANTHEON EM ASIA DATA WRAP 20 November 2023

A massive, but perverse, net trade boost saves Thai Q3 GDP from a complete car crashExport growth in Malaysia jumps even, as it remains flat in nominal terms

PM Datanote: Argentina Elections, 2023

PM Datanote: Argentina Elections, 2023

In one line: Milei victory presages radical change in Argentina; but a highly fragmented Congress will be a big hurdle.

PM Datanote: U.S. Existing Home Sales, October

PM Datanote: U.S. Existing Home Sales, October

A new cycle low, but a modest rebound is coming soon.

24 November 2023 Eurozone Monitor A Rise in PMI Doesn't Change Our View: The EZ is Likely in Recession

24 November 2023 Eurozone Monitor A Rise in PMI Doesn't Change Our View: The EZ is Likely in Recession

A Rise in PMI Doesn't Change Our View: The EZ is Likely in Recession

EZ Datanote: IFO, Germany, November 2023

EZ Datanote: IFO, Germany, November 2023

In one line: Still-rising, but will the fiscal impasse hit the December data?

PM Datanote: GDP, Mexico, Q3, 2023

PM Datanote: GDP, Mexico, Q3, 2023

In one line: A stronger-than-expected Q3, but downside forces are emerging.

Global Datanote: GDP, Mexico, Q3, 2023

Global Datanote: GDP, Mexico, Q3, 2023

In one line: A stronger-than-expected Q3, but downside forces are emerging.

EZ Datanote: INSEE Consumer Confidence, France, November 2023

EZ Datanote: INSEE Consumer Confidence, France, November 2023

In one line: Solid headline, but unemployment fears are rising.

EM Asia Datanote: Q3 GDP and October Core Production, India

EM Asia Datanote: Q3 GDP and October Core Production, India

In one line: Q3 was better than Q2, but the headline continues to be flattered absurdly by statistical discrepancies.

EZ Datanote: Final Manufacturing PMIs, Eurozone, November

EZ Datanote: Final Manufacturing PMIs, Eurozone, November

In one line: Depressed, but the second derivative is turning.

Global Datanote: Final Manufacturing PMIs, Eurozone, November

Global Datanote: Final Manufacturing PMIs, Eurozone, November

In one line: Depressed, but the second derivative is turning.

EZ Datanote: Industrial Production, France, October 2023

EZ Datanote: Industrial Production, France, October 2023

In one line: Early days, but it looks like a decline in Q4.

PM Datanote: GDP, Third Quarter, Brazil, 2023

PM Datanote: GDP, Third Quarter, Brazil, 2023

In one line: Surprisingly resilient, but high interest rates are now a drag.

Global Datanote: GDP, Third Quarter, Brazil, 2023

Global Datanote: GDP, Third Quarter, Brazil, 2023

In one line: Surprisingly resilient, but high interest rates are now a drag.

CHINA+ DATA WRAP 7 DECEMBER 2023: Chinese exports have bottomed out

CHINA+ DATA WRAP 7 DECEMBER 2023: Chinese exports have bottomed out

China's exports have bottomed out but are set for a weak recovery

PM Datanote: CPI, Chile, November, 2023

PM Datanote: CPI, Chile, November, 2023

In one line: A sharp m/m increase, but the rapid downtrend will resume soon.

PM Datanote: U.S. Consumer Prices, November

PM Datanote: U.S. Consumer Prices, November

Mildly disappointing but trends remain favorable.

CHINA+ DATA WRAP 13 DECEMBER 2023: Japan's headline Tankan index improves

CHINA+ DATA WRAP 13 DECEMBER 2023: Japan's headline Tankan index improves

Japan's headline Tankan index improves, but outlook worsens

EZ Datanote:  Industrial Production, EZ, October 2023

EZ Datanote: Industrial Production, EZ, October 2023

In one line: Exaggerated by an Irish drop, but still not good news.

PM Datanote: U.S. Producer Prices, November

PM Datanote: U.S. Producer Prices, November

Margins have stopped rising, but yet to start falling, auto dealers excepted.

PM Datanote: U.S. Retail Sales, November

PM Datanote: U.S. Retail Sales, November

Real consumption is on course for a solid Q4, but slower than Q3.

China+ Datanote: Flash manufacturing PMI, Japan, December

China+ Datanote: Flash manufacturing PMI, Japan, December

Japanese manufacturing activity weakens but services activity rises

PM Datanote: U.S. Industrial Production, November

PM Datanote: U.S. Industrial Production, November

Unwinding of the UAW strike hit boosts manufacturing, but output ex-autos remains weak.

EZ Datanote: Final Inflation, Eurozone, November 2023

EZ Datanote: Final Inflation, Eurozone, November 2023

In one line: Drop confirmed. Inflation will rebound in December, but what happens in January?

Global Datanote: Final Inflation, Eurozone, November 2023

Global Datanote: Final Inflation, Eurozone, November 2023

In one line: Drop confirmed. Inflation will rebound in December, but what happens in January?

PM Datanote: U.S. Housing Starts, November

PM Datanote: U.S. Housing Starts, November

Probably an overshoot, but a steady increase in single-family starts lies ahead.

PM Datanote: U.S. Existing Home Sales, November

PM Datanote: U.S. Existing Home Sales, November

Beginning to turn the corner, but the recovery will be slow.

PM Datanote: U.S. Weekly Jobless Claims, December 16

PM Datanote: U.S. Weekly Jobless Claims, December 16

Layoffs still very depressed, but people are finding it harder to secure new jobs.

EM Asia Datanote: CPI, Malaysia, November

EM Asia Datanote: CPI, Malaysia, November

In one line: A new post-pandemic low, but risks to the outlook from imported inflation increase.

PM Datanote: Unemployment, Germany, December

PM Datanote: Unemployment, Germany, December

In one line: Stable, but we doubt the trend in claims is improving.

PM Datanote: U.S. ISM Manufacturing Survey, December

PM Datanote: U.S. ISM Manufacturing Survey, December

Better than expected, but still poor.

UK Datanote: U.K. GDP, November 2023

UK Datanote: U.K. GDP, November 2023

In one line: The underlying trend still looks flat, but a genuine recovery will take hold this year.

PM Datanote: Housing Starts/Philly Fed

PM Datanote: Housing Starts/Philly Fed

Starts data are noisy, but a modest housing recovery is underway.

EZ Datanote: INSEE Consumer Confidence, France, January 2024

EZ Datanote: INSEE Consumer Confidence, France, January 2024

In one line: Perking up, but is it enough?

EZ Datanote: Advance GDP, Spain, Q4 2023

EZ Datanote: Advance GDP, Spain, Q4 2023

In one line: Better than expected but was it enough to prevent a decline in EZ GDP?

PANTHEON EM ASIA DATA WRAP 31 January 2024

PANTHEON EM ASIA DATA WRAP 31 January 2024

The Philippines' slowdown resumes, but less dramatically than expected

EZ Datanote: Inflation/Unemployment, German States & Germany, January

EZ Datanote: Inflation/Unemployment, German States & Germany, January

In one line: EZ inflation fell in January, but less than we thought.

PM Datanote: Weekly Jobless Claims, February 3

PM Datanote: Weekly Jobless Claims, February 3

Claims are still very low, but trouble ahead?

PM Datanote: Inflation, Chile, January, 2024

PM Datanote: Inflation, Chile, January, 2024

In one line: Incompatible with prior data, but the downtrend is on track.

Global Datanote: Inflation, Chile, January, 2024

Global Datanote: Inflation, Chile, January, 2024

In one line: Incompatible with prior data, but the downtrend is on track.

PM Datanote: Consumer Prices, January

PM Datanote: Consumer Prices, January

An unpleasant surprise but not a game-changer, at all

16 February  2024 LatAm Monitor  Mexico's industrial sector struggles; Is Argentina's inflation improving?

16 February 2024 LatAm Monitor Mexico's industrial sector struggles; Is Argentina's inflation improving?

Mexico's industrial sector struggles; Is Argentina's inflation improving?

 

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