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Manufacturing Growth Slows More Than Expected

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The news sent the pound lower against the dollar and the euro, erasing gains earlier on Friday morning.

The Markit/CIPS manufacturing PMI headline index fell to a five-month low of 57.1 in March from a downwardly revised 60.9 in February. Analysts had expected a more modest easing to 60.6.

The output prices index, however, rose to 65.2 in March from 63.6 in February, the highest since the series began in 1999.

The figures highlight the dilemma facing Bank of England policymakers over how to tackle persistently above-target inflation without harming a fragile economic recovery.

It appears that more than expected is the new unexpected.

Viva recovery.

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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