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4th Dec 2024 17:24UKDaily Monitor

  • The PMI fell to a 13-month low in November as businesses worried about taxes and trade wars.
  • But take the implications for GDP growth with a pinch of salt; the PMI overreacts to political events.
  • The MPC will look through the November PMI and stick to its ‘gradual rate cut’ message.

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Keywords for: 5 December 2024 UK Monitor

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