Pantheon Macroeconomics

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23rd May 2023 15:01U.K., Daily Monitor

  • The composite PMI still points to a solid quarterly expansion in Q2, despite edging down slightly in May...
  • ...But the PMI probably still is overstating the recovery, given that it excludes sectors that will contract in Q2.
  • The employment balance points to employee numbers flatlining in Q2, undershooting the MPC's forecast.

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Keywords for: 24 May 2023 UK Monitor

composite pmi, employee numbers, employment, gdp, gdp growth, growth, May, pmi, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence