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23rd Jul 2024 09:32UKDaily Monitor

  • The July PMI is consistent with Q3 GDP growth of 0.2% quarter-to-quarter.
  • But surging new orders and future business expectations suggest the PMI will leap in August.
  • Slowing output prices will comfort the MPC, but stronger hiring could keep wage growth elevated.

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Keywords for: 25 July 2024 UK Monitor

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