6 December 2023 UK Monitor PMI Data Point to Benign Mix of Positive GDP Growth and Falling Inflation
4th Dec 2023 20:47UKDaily Monitor
- The composite PMI topped 50 in November for the first time since July and is likely understating GDP growth.
- S&P’s bespoke seasonal adjustment process is depressing the PMI; public-sector output will rise in Q4.
- S&P’s survey also signals slowing service price rises and flat employment; a May Bank Rate cut is still in play.
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