News

UK November GDP +0.2% vs +0.1% m/m expected

Latest data released by ONS – 11 January 2019

  • Prior +0.1%
  • GDP +0.3% vs +0.3% 3m/3m expected
  • Prior +0.4%
  • Index of services +0.3% vs +0.1% m/m expected
  • Prior +0.2%
  • Index of services +0.3% vs +0.2% 3m/3m expected
  • Prior +0.3%

ForexLive

A slight beat in the monthly GDP headline figure while the September to November GDP figure comes in as expected. Nothing here for the pound to get too excited about as it just means Q4 GDP looks to be on course for uninspiring growth if anything else.

Factory activity data was poor for the most part but it’s very much factored into the monthly GDP figures already. The factory activity data released at the same time are as per below:

  • Manufacturing production -0.3% vs +0.4% m/m expected
  • Prior -0.9%
  • Manufacturing production -1.1% vs -0.7% y/y expected
  • Prior -1.0%
  • Industrial production -0.4% vs +0.2% m/m expected
  • Prior -0.6%
  • Industrial production -1.5% vs -0.7% y/y expected
  • Prior -0.8%
  • Construction output +0.6% vs +0.2% m/m expected
  • Prior -0.2%
  • Construction output +3.0% vs +2.6% y/y expected
  • Prior +3.8%

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