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4th Sep 2024 10:37UKDaily Monitor

  • The final August PMI signals Q3 GDP growth of 0.4-to-0.5% quarter-to-quarter.
  • The PMI indicates falling inflation, but rising margins and job growth will keep price rises elevated.
  • The MPC has little reason to rush through another rate cut this month; it will wait until November.

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Keywords for: 5 September 2024 UK Monitor

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