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27th Sep 2022 15:02U.K., Daily Monitor

  • PMI and confidence data for September suggest GDP edged down for a second consecutive quarter in Q3.
  • The downturn will gather momentum, as borrowing costs for households and businesses soar.
  • We now look for a 1.5% year-over-year decline in GDP in 2023, and CPI inflation not to return to 2% until 2025.

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composite pmi consumer confidence consumer sentiment cpi cpi inflation depreciation employment energy gross fixed capital input price inventories January mortgage mpc net trade output price inflation personal finances pmi pmis q4 restaurants September sterling surveys tax cuts trade

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Keywords for: 28 Sept 2022 UK Monitor Surveys Point to a Small Drop in GDP in Q3, but this is

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