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πŸ‡¬πŸ‡§ UK's PMI beat hides a fading consumer

πŸ‡¬πŸ‡§ UK's PMI beat hides a fading consumer

UK flash PMI rose to 52.5 in August, a four-month high, but retail sales volumes fell 0.5% on the month: a softening consumer beneath firming business surveys.

Bar and line chart of UK Composite PMI Output Index (blue bars) and GDP 3m/3m % (green line) from Jan 2023 to Jul 2026, marked with 2024 election.
UK flash composite PMI hit a four-month high of 52.5 in August, signalling decent positive momentum heading into the Budget, according to economist Julian Jessop. Source

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