UK: Mixed signs of resilience amid economic troubles
A strong performance from March’s services and construction PMIs offered some indication that the economy carried a degree of momentum at the end of Q1, despite intensifying cost of living pressures. But firms have become much gloomier about the future.
What you will learn:
- Meanwhile, the ongoing impact of supply-chain disruption will be exacerbated by new lockdowns in China and was clear in further weakness in new car sales.
- However, another big rise in house prices suggests one part of the economy is proving relatively immune to economic troubles.