Pantheon Macroeconomics

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5th Sep 2023 12:49U.K., Daily Monitor

  • The resilience of business confidence and hiring decisions suggests the fall in the PMI below 50 is a blip.
  • S&P estimates a smaller-than-normal fraction of the dip in the unadjusted PMI in August is due to seasonality...
  • ...We see no good reason to think seasonal trends have changed; activity is probably still on a slowly rising trend.

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Keywords for: 6 September 2023 UK Monitor

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