Pantheon Macroeconomics - The drop in the flash composite PMI in March will be one for the record books, unfortunately. We look for an unprecedented drop to 43.0, from 53.3 in February, which would undershoot the 45.0 consensus and signal clearly that a deep recession is underway.

U.K. | 23 Mar 2020 Brace for an Unprecedented Slump in the Composite PMI
The drop in the flash composite PMI in March will be one for the record books, unfortunately. We look for an unprecedented drop to 43.0, from 53.3 in February, which would undershoot the 45.0 consensus and signal clearly that a deep recession is underway.

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23 Mar 2020 Brace for an Unprecedented Slump in the Composite PMI

By Samuel Tombs

The drop in the flash composite PMI in March will be one for the record books, unfortunately. We look for an unprecedented drop to 43.0, from 53.3 in February, which would undershoot the 45.0 consensus and signal clearly that a deep recession is underway.

Posted: 23rd Mar 2020 in 'U.K.'

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