A stock-take of the major economies suggest no major step change in economic growth so far in 2024, but growth may be becoming more broad-based, and recent macro data are beating pessimistic expectations across many markets, reflected in rising economic surprise indices.
In the Eurozone, macroeconomic data have also improved but still point to relatively weak economic conditions at present.
In the UK, macroeconomic data have also been outperforming pessimistic forecasts, and this is reflected in improving PMI surveys.
