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10th Oct 2024 17:45UKWeekly Monitor

  • GDP grew 0.2% month-to-month in August as erratic drags on July output unwound.
  • Downward revisions to earlier months, however, cut our Q3 GDP forecast to 0.2% quarter-to-quarter.
  • That leaves a November MPC rate cut as a racing certainty, even though growth should rebound in Q4.

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Keywords for: 14 October 2024 UK Monitor

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