Thomas Pugh at RSM UK said data due Thursday are expected to show May output
unchanged, but strong underlying momentum should support Q2 growth. A heatwave
likely raised utility demand via increased fan and air‑conditioning use, which
could lift industrial output; manufacturers may have front‑loaded activity ahead
of potential supply shortages and retail sales rose 1.2% in May. Healthcare
activity should rebound after an April hospital doctors' strike. Pugh said
growth has eased since the Iran war began but the economy retains good momentum;
he sees Q2 growth of 0.2% and around 1% for the year.
