Pantheon Macroeconomics

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21st Apr 2023 14:48U.K., Weekly Monitor

  • The composite PMI rose in April to its highest level in a year, but likely is overstating the recovery’s strength...
  • ...It excludes construction output, which will fall sharply in Q2 and Q3, as energy efficiency regulations tighten.
  • Employee numbers are barely rising and cost pressures have eased; the MPC can stop after one more rate hike. 

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Keywords for: 24 Apr 2023 UK Monitor

April, composite pmi, construction, energy, mpc, pmi, pmi data, q2, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence