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Flash PMI survey data for June signalled a slowing in the pace of economic growth, indicating that GDP will have risen in the second quarter at less than half the 0.6% pace recorded by the Office for National Statistics in
U.K. Flash PMI Signals Further Economic Slowdown At End Of Second Quarter, Price Rises Intensify
Summary
- Flash PMI survey data for June signalled a slowing in the pace of economic growth, indicating that GDP will have risen in the second quarter at less than half the 0.6% pace recorded by the Office for National Statistics in the first three months of the year.
- Although business activity continued to rise for an eighth successive month in June, according to early PMI survey data, the rate of growth slowed further from April's 12-month high to sit at a seven-month low.
- The latest PMI data sends some conflicting signals to policymakers.
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