24 June 2020 Don't Fixate on the PMI Remaining Below 50, GDP is Rebounding

Samuel Tombs (UK Economist)23rd Jun 2020 14:10U.K., U.K. Key Issues, Economic Monitor

Both business surveys and unconventional activity indicators suggest that the recovery from the Covid-19 shock has sped up in June, after a shaky start in May.

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business surveys businesses cbi composite pmi construction consumer consumer services consumers consumption coronavirus covid-19 employment energy energy consumption gdp government headcounts health households January job losses July June manufacturers manufacturing manufacturing output manufacturing pmi markit May orders pmi pmis political risks recession remain retail sentiment services pmi services sector summer survey surveys total orders transport us

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