Pantheon Macroeconomics

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4th Apr 2023 14:49U.K., Daily Monitor

  • Business surveys and retail sales picked up in February, and the weather likely supported construction output...
  • ...But strikes in the public sector likely weighed substan- tially on GDP, perhaps inflicting a 0.3pp blow.
  • As a result, we think GDP was unchanged in February; a sustained recovery likely will not take hold until Q3.

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Keywords for: 5 Apr 2023 UK Monitor

construction, gdp, public sector, retail, retail sales, surveys, uk, weather, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence