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23rd Aug 2022 14:38U.K., Daily Monitor

August’s PMIs suggest the recovery has petered out, with the manufacturing sector heading into recession.

Employment growth also has come off the boil, while price pressures mostly have continued to ease.

All this suggests the MPC have room to act with caution; a 50bp hike is not the done deal assumed by markets.

composite pmi cpi cpi inflation employment energy gdp growth government input prices June labour labour demand manufacturers manufacturing manufacturing output manufacturing sector March May mpc new orders new orders index output price inflation pmi pmis q3 services pmi services sector sterling total orders

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Keywords for: 24 Aug 2022 UK Monitor

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