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  • We expect the data flow to soften as the implications of the war in Iran feed into surveys.
  • But the PMI held up for two months after Russia’s invasion in 2022; the housing market will react faster.
  • The MPC’s focus on spare capacity means the job data will be crucial for forecasting the path for rates.

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Keywords for: 19 March 2026 UK Monitor

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