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  • The PMI rose to a 12-month high in August, boosted by falling policy uncertainty.
  • The PMI signals 0.3% quarter-to-quarter GDP growth in Q3, matching the MPC’s forecast.
  • The MPC’s hands will be tied for the rest of 2025, as growth at potential limits spare capacity emerging.

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Keywords for: 4 September 2025 UK Monitor

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