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10th Aug 2023 18:12U.K., Weekly Monitor

  • The 0.2% q/q rise in Q2 GDP was backed by a rebound in households’ real income; expect a repeat in Q3.
  • Drags from falling business investment and net trade in H2 will not fully offset the consumer-led upswing.
  • The monthly path of GDP, however, will be bumpy; construction and manufacturing output will fall in July.

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Keywords for: 14 August 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence