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23rd Oct 2023 20:38U.K., Daily Monitor

  • The headline October PMI remains consistent with a small 0.2% quarter-on-quarter dip in GDP in Q4...
  • ...But we think it’s too downbeat; higher real household incomes should spur a further recovery in GDP.
  • The PMI suggests CPI inflation will continue to slow, enabling the MPC to cut Bank Rate as early as Q2.

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Keywords for: 25 October 2023 UK Monitor

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