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  • Manufacturing output likely rose in November as auto production recovered after the JLR cyber attack.
  • Leading indicators suggest that consumer-facing services were spared the worst of pre-Budget worries.
  • Output growth in Q4 2025 will likely run close to the MPC’s forecast and the steer from the PMI.

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Keywords for: 9 January 2026 UK Monitor

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