Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

13th Jul 2022 13:52U.K., Daily Monitor

May’s rise in GDP was driven by a surge in doctor appointments-

really-and a jump in manufacturing output.

Consumer services firms struggled and will remain under pressure as households’ real incomes fell further.

June’s extra bank holiday also will dampen Q2 GDP, we expect a quarter-on-quarter contraction of 0.3%.

PDF

core inflation cpi cpi inflation government January June labour labour market manufacturers manufacturing March May May gdp ONS pmi q2 real incomes real spending recreation savings us

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

U.S. Economic Research
Eurozone Economic Research
Latin America Economic Research
UK Economic Research
Asia Economic Research
 

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subcribing to and click next.

United States

Eurozone

United Kingdom

China +

Emerging Asia

Latin America

Next

 
Consistently Right
Access Key Enabled Navigation
Keywords for: We Still Expect a Contraction in GDP in Q2, Despite the Sharp Rise in May

core inflation, cpi, cpi inflation, government, January, June, labour, labour market, manufacturers, manufacturing, March, May, May gdp, ONS, pmi, q2, real incomes, real spending, recreation, savings, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence