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15th Dec 2023 15:14UKWeekly Monitor

  • The composite PMI rose in December to a six-month high; consumers’ confidence is near a two-year high.
  • This pick-up reflects rising real household disposable income, and possibly slowing savings replenishment.
  • The MPC, however, needn’t stay very restrictive; the job market is loosening, and inflation pressures are fading.

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Keywords for: 18 December 2023 UK Monitor

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