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27th Sep 2021 00:00U.K., Economic Monitor

  • The fall in the composite PMI in September chimes with other data suggesting growth was sluggish in Q3.
  • Survey data also suggest the number of furloughed workers has fallen only marginally in recent weeks.
  • GDP growth will disappoint the BoE's expectations in Q3 and Q4, making a rate hike in Q1 2022 unlikely.

activity bank bank rate composite pmi confidence covid-19 credit demand export export orders exporters forecasts gdp gdp growth growth index it london manufacturing market markets mpc new export orders orders pmi rate hike recreation remain report retail retail sales sales sales data sectors spending survey survey data transport

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Keywords for: Survey Data Continue to Point to Sluggish GDP Growth in Q3

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