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24th Mar 2025 17:40UKDaily Monitor

  • Better growth and rising inflation implied in the March PMI raise the risk of only one more rate cut this year.
  • The PMI now agrees with other surveys that employment is stalling rather than cratering.
  • The PMI is signalling a small increase in underlying services inflation pressure.

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Keywords for: 26 March 2025 UK Monitor

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