FLASH: UK PMIs recover trend growth in May-18
- The UK’s services PMI completed its recovery from the cold weather with its rise of 1.2-points to 54.0 in May, thereby supporting my lack of concern about April.- The better-quality manufacturing data have also been recovering with the weather, although IP will be restrained slightly in Q2 by the fall in utility output.
- All three UK PMIs beat consensus expectations and are broadly in line with their post-referendum average, which is consistent with the old trend pace of growth returning at a lower level. This mix reassuringly fits the BoE’s (and my) view.
Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.