The rebound in industrial output in April coupled with upbeat forecasts for May suggests that the manufacturing sector will return to growth in Q2. However, we still expect the labour market to slacken before long which suggests that the slowdown in underlying inflation has further to run.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services