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22nd Jul 2022 15:28U.K., Daily Monitor, Weekly Monitor

PMI data for July show that the recovery in GDP has nearly ground to a halt and inventory is piling up.

Employment growth slowed to a 15-month low, while the pace of input and output price rises eased materially.

On balance, the latest data imply the MPC won't act "forcefully"; market pricing for August is still too high.

central banks composite pmi cpi cpi inflation ECB employment energy energy prices government inflation expectations input price interest rates July manufacturing March mpc ois ois market pmi pmi data pmis q2 q2 gdp q3 q4 recession services pmi stocks u.s. us wage growth

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Keywords for: 25 July 2022 UK Monitor

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