FLASH: UK August PMIs reinforce upside risk to 3Q18
- The UK’s services PMI rebounded to 54.3, which is back above its post-referendum average. Surveys are overall consistent with recent growth trends continuing.- I expect monthly GDP to expand by 0.2% m-o-m in July and am still tracking overall 3Q18 growth on the high side of my 0.4% q-o-q forecast.
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