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8th Jul 2022 15:14U.K., Daily Monitor, Weekly Monitor

We think GDP held steady in May, setting up a much larger quarterly drop in Q2 than the MPC expects.

The ONS will adjust for the extra working day due to the movement of the usual late May public holiday to June.

Momentum in business services likely was offset by falls in output in the retail and hospitality sectors.

energy gdp data industrial production June manufacturing May mpc ONS q2 retail sales services sector society surveys

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Keywords for: GDP Likely Failed to Rebound in May after April's Drop

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