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20th Jun 2024 18:20UKWeekly Monitor

  • The headline PMI dropped to 51.7, suggesting growth will slow to just 0.1% quarter-to-quarter.
  • Resilient new orders and hints of an election-driven spending pause suggest the PMI will rebound.
  • The services output price balance is little changed in 11 months, pointing to sticky price pressures.

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Keywords for: 24June 2024 UK Monitor

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