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22nd Nov 2023 18:45UK, Daily Monitor

  • The composite PMI edged above 50 in November, for the first time since July; consumer demand is reviving...
  • ...Firms, however, are still reducing employment slightly, and output prices are rising more slowly than a year ago.
  • By May, the labour market will have loosened and CPI inflation fallen enough for the MPC to start to cut rates.

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Keywords for: 24 November 2023 UK Monitor

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