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16th May 2024 18:29UKWeekly Monitor

  • We are unconcerned by the strong net trade contribution to Q1 GDP growth.
  • Trade figures will be revised materially, and the Q1 contribution was offset by volatile stock-building.
  • Export volumes rose 1.3% quarter-to-quarter in Q1, excluding precious metals, erratics and oil.

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Keywords for: 20 May 2024 UK Monitor

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