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22nd Aug 2024 13:46UKDaily Monitor

  • The PMI is now pointing to Q3 GDP rising by 0.3% quarter-to-quarter, below the MPC’s forecast.
  • Falling inflation signalled by the August PMI as both input and output price balances drop.
  • Firms are confident to hire again; the MPC will be wary of employment growth in a tight labour market.

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Keywords for: 23 August 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence