Pantheon Macroeconomics

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9th May 2022 00:00U.K., Daily Monitor, Weekly Monitor

The boost to activity from the removal of final Covid restrictions likely was offset by falling health sector output.

Higher energy prices and fresh supply chain frictions, following the war in Ukraine, likely hit manufacturing.

Retail sales and car sales fell, while the recovery in the hospitality sector appears to have topped out.

car production car sales composite pmi construction construction output covid-19 energy energy prices gdp data gdp growth government government spending industrial production June manufacturing March mpc nhs pmi q2 rate hike retail sales services sector supply chain transportation

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Keywords for: GDP Likely was Unchanged in March, Preluding a Contraction in Q2

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