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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.

PM Datanote: Car Registrations, EU 27, October

PM Datanote: Car Registrations, EU 27, October

In one line: Car sales still going downhill. 

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.

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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

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.

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

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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

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.

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.

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Oliver Allen

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

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UK Housing Watch

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

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Jonathan Loynes

Jonathan Loynes

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

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CNBC - "Tariffs will likely slow growth down and raise inflation for a year"

CNBC - "Tariffs will likely slow growth down and raise inflation for a year"

Ian Shepherdson, Pantheon Macroeconomics Chairman discuss' Inflation, Tariff Impact and FED Policy.

China+ Webinar August 2025: China's H2 Outlook

China+ Webinar August 2025: China's H2 Outlook

- Tariffs, Consumption, Deflation

UK Webinar July 2025: The MPC Will be One-and-Done..

UK Webinar July 2025: The MPC Will be One-and-Done..

... Wage Growth and Inflation are too Sticky

CNBC - Not 'absolutely essential' for the Fed to cut 25 bps in December

CNBC - Not 'absolutely essential' for the Fed to cut 25 bps in December

Ian Shepherdson, Pantheon Macroeconomics chairman and editor-in-chief, joins 'Squawk Box' to discuss the state of the economy.

UK Webinar April 2025 - Stagflationary Shock Means Gradual Rate Cuts..

UK Webinar April 2025 - Stagflationary Shock Means Gradual Rate Cuts..

...We Expect Three 25BP Rate Reductions This Year

U.S. Webinar October 2025: How to Take the Economy's Pulse Without Official Data

U.S. Webinar October 2025: How to Take the Economy's Pulse Without Official Data

Only Labour Market Indicators are Worth your Attention

UK Webinar October 2025: Can the Budget Bring Back Rate Cuts?

UK Webinar October 2025: Can the Budget Bring Back Rate Cuts?

...One More Cut in February, but Inflation is Still Sticky

US Webinar September 2025: Is the Consumer Slowdown Already Over?

US Webinar September 2025: Is the Consumer Slowdown Already Over?

Real Income Outlook Implies Recent Pick-Up is a False Dawn

US Webinar February 2025 - Disinflation at a Crossroads

US Webinar February 2025 - Disinflation at a Crossroads

Will Rising Goods Prices Reignite Overall Inflation?

UK Webinar 29 May 2025: How Gradual is Gradual?

UK Webinar 29 May 2025: How Gradual is Gradual?

...Quarterly Cuts Were too Fast, A Pause is Coming

Ausbiz - China's Demand-side Problem

Ausbiz - China's Demand-side Problem

Duncan Wrigley, Chief China+ economist of Pantheon Macroeconomics, views the upcoming plenum as a key moment for China's economy.

CNBC - Property Sector Still Providing a Massive Drag but There are Profits of Strength

CNBC - Property Sector Still Providing a Massive Drag but There are Profits of Strength

Duncan Wrigley, chief China+ economist at Pantheon Macroeconomics, discusses the latest economic data from China.

Our Chairman & Editor-in-Chief Ian Shepherdson, Joins Bloomberg Surveillance to discuss November Payrolls

Our Chairman & Editor-in-Chief Ian Shepherdson, Joins Bloomberg Surveillance to discuss November Payrolls

'We continue to look for a fairly muted 250k rebound in November payrolls, consistent with a 125k trend'

EZ Datanote: Detailed GDP, Switzerland, Q2

EZ Datanote: Detailed GDP, Switzerland, Q2

In one line: Stung by crash in net trade. 

EZ Datanote:  ISTAT Confidence, Italy, June 2025

EZ Datanote: ISTAT Confidence, Italy, June 2025

In one line: IESI averaged less in Q2 than Q1.

PM Datanote: Inflation, Chile, May, 2025

PM Datanote: Inflation, Chile, May, 2025

In one line: Disinflation remains on track.

Global Datanote: Inflation, Chile, May, 2025

Global Datanote: Inflation, Chile, May, 2025

In one line: Disinflation remains on track.

EZ Datanote: ZEW, Germany, July 2025

EZ Datanote: ZEW, Germany, July 2025

In one line: Expectations at a 41-month high.

EM Asia Datanote: Trade, India, June

EM Asia Datanote: Trade, India, June

In one line: A forgetful Q2, overall.

PM Datanote: US Personal Incomes & Spending, August 2025

PM Datanote: US Personal Incomes & Spending, August 2025

Turnaround in consumers' spending built on shaky foundations.

PM Datanote: US ISM Manufacturing Survey, July 2025

PM Datanote: US ISM Manufacturing Survey, July 2025

A further climb in goods inflation is still in the pipeline.

PM Datanote: US NAHB Housing Market Index, August 2025

PM Datanote: US NAHB Housing Market Index, August 2025

The outlook for homebuilding remains grim

PM Datanote: US CPI, June

PM Datanote: US CPI, June

A knock-out punch to the tariff inflation deniers.

EZ Datanote: ECB Press Conference, September 2025

EZ Datanote: ECB Press Conference, September 2025

In one line: The ECB is happy at 2%, for now.

Global Datanote: ECB Press Conference, September 2025

Global Datanote: ECB Press Conference, September 2025

In one line: The ECB is happy at 2%, for now.

PM Datanote: US S&P Global Composite PMI, October 2025

PM Datanote: US S&P Global Composite PMI, October 2025

Services inflation likely to remain in check.

Global Datanote: Trade, Indonesia, April

Global Datanote: Trade, Indonesia, April

In one line: A partially welcome collapse in the surplus.

EZ Datanote: Flash PMIs, France, June 2025

EZ Datanote: Flash PMIs, France, June 2025

In one line: Stuck in the mud, but also underestimating growth.

Global Datanote: Flash PMIs, France, June 2025

Global Datanote: Flash PMIs, France, June 2025

In one line: Stuck in the mud, but also underestimating growth.

PM Datanote: US ISM Services Survey, July 2025

PM Datanote: US ISM Services Survey, July 2025

Probably a false alarm on services inflation.

EZ Datanote: Industrial Production, France, August 2025

EZ Datanote: Industrial Production, France, August 2025

In one line: On track for a boost to Q3 GDP growth.

EZ Datanote: Industrial Production, France, June 2025

EZ Datanote: Industrial Production, France, June 2025

In one line: Soaring as transport and refineries kick into gear

PM Datanote: US Advance Economic Indicators, May

PM Datanote: US Advance Economic Indicators, May

GDP on course for a misleading jump in Q2

Global Datanote: Trade, Indonesia, September 2025

Global Datanote: Trade, Indonesia, September 2025

In one line: A deceptively quiet end to Q3 for trade.

UK Datanote: Retail Sales, June 2025

UK Datanote: Retail Sales, June 2025

In one line: Retail sales are trending up solidly.

EZ Datanote: Sentix, Eurozone, June 2025

EZ Datanote: Sentix, Eurozone, June 2025

In one line: A one-year high.

EZ Datanote: ISTAT Business Confidence, Italy, September 2025

EZ Datanote: ISTAT Business Confidence, Italy, September 2025

In one line: Consistent with a rebound in GDP in Q3.

EZ Datanote: ECB Press Conference, October 2025

EZ Datanote: ECB Press Conference, October 2025

In one line: Thin gruel, but a bit of clarity on the ECB's ETS2 assumptions.

Global Datanote: ECB Press Conference, October 2025

Global Datanote: ECB Press Conference, October 2025

In one line: Thin gruel, but a bit of clarity on the ECB's ETS2 assumptions.

EZ Datanote: Advance inflation, France, July

EZ Datanote: Advance inflation, France, July

In one line: No change; we still see the EZ HICP at 1.8% y/y.

EZ Datanote: Construction PMIs, Eurozone, July 2025

EZ Datanote: Construction PMIs, Eurozone, July 2025

In one line: Where is the light at the end of the tunnel?

Global Datanote: Manufacturing PMI, ASEAN, May

Global Datanote: Manufacturing PMI, ASEAN, May

In one line: A bounce of sorts, but manufacturing is still shaky.

EZ Datanote: Retail Sales, Germany, July 2025

EZ Datanote: Retail Sales, Germany, July 2025

In one line: Hinting at a fall in Q3. 

EZ Datanote: ZEW, Germany, September 2025

EZ Datanote: ZEW, Germany, September 2025

In one line: Lifted by rebound in equities.

PM Datanote: US ISM Services Survey, October 2025

PM Datanote: US ISM Services Survey, October 2025

Likely sending a false alarm on services inflation.

EZ Datanote: IFO, Germany, October 2025

EZ Datanote: IFO, Germany, October 2025

In one line: Expectations at a cyclical high.

Global Datanote: ISM Manufacturing Survey, US, September, 2025

Global Datanote: ISM Manufacturing Survey, US, September, 2025

In one line: Manufacturing is going nowhere fast.

EM Asia Datanote: Bank of Thailand Decision

EM Asia Datanote: Bank of Thailand Decision

In one line: Pausing, for now.

Global Datanote: Bank of Thailand Decision

Global Datanote: Bank of Thailand Decision

In one line: Pausing, for now.

EZ Datanote: Detailed Inflation, Germany, May 2025

EZ Datanote: Detailed Inflation, Germany, May 2025

In one line: Stable, in line with advance release.

EZ Datanote: IFO, Germany, September 2025

EZ Datanote: IFO, Germany, September 2025

In one line: Eine Enttäuschung!

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