Pantheon Macroeconomics

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U.K. Publications

Below is a list of our U.K. 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.

U.K. S&P Global/CIPS Services Survey Samuel Tombs (UK Economist)

UK Datanote: U.K. GfK Consumers' Confidence Survey, February 2024

  • In one line: Forget the small drop; improving real wage growth will keep confidence rising.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Services Survey, January 2024

  • In one line: Strengthening recovery will allow the MPC to take its time. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Construction Survey, January 2024

  • In one line: Optimism improving as lower borrowing costs start to underpin demand.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Labour Force Survey re-weighting

  • In one line: Downward revision to unemployment rate increases pressure on the MPC to wait. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Manufacturing Survey, January 2024

  • In one line: Supply chain disruptions threaten to compound the demand-driven downturn in output.  

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Money & Credit, December 2023

  • In one line: Households won’t stay this cautious for long.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Report on Jobs Survey, December 2023

  • In one line: Still supporting the case for rate cuts, but wage growth likely will remain stronger than it implies.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. MPC Decision & Minutes, December

  • In one line: Continued hawkishness suggests May still is the earliest plausible date for the first rate cut.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Report on Jobs Survey, November 2023

  • In one line: Consistent with unemployment rising more quickly than the MPC expects.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Money & Credit, October 2023

  • In one line: Households remain focussed on repaying debt and replenishing their savings, but we doubt they will become even more cautious ahead. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Report on Jobs Survey, October 2023

  • In one line: Consistent with unemployment rising more quickly than the MPC expects.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Construction Survey, October 2023

  • In one line: Labour and raw material costs are starting to fall, as demand undershoots supply.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Services Survey, October 2023

In one line: Still pointing to a mild recession, but the survey is probably too downbeat. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. MPC Decision, Minutes & Monetary Policy Report, November

  • In one line: New forecasts signal no rate cuts in 2024, but the MPC won’t be bound by them. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Manufacturing Survey, October 2023

  • In one line: The destocking process which is weighing on manufacturing output has further to run.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Report on Jobs Survey, September 2023

  • In one line: Still pointing to a sharp slowdown in wage growth next year.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Construction Survey, September 2023

  • In one line: Demand hit by higher borrowing costs, but most builders remain positive about the outlook.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Services Survey, September 2023

In one line: More plausible now, following the large upward revision.  

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Manufacturing Survey, September 2023

  • In one line: Continued weakness casts doubt over the recent upturn in the official measure of output.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Money & Credit, August 2023

  • In one line: Lower mortgage lending explains the slowdown in liquid asset growth.

Samuel Tombs (UK Economist)U.K.

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Keywords for: U.K. Documents

U.K. Document Vault, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence