UK: Focus on GDP data - TDS
|TD Securities analysts suggest that for the UK economy, the release of March activity data rounds out the quarter, and will be accompanied by the quarterly growth figures.
Key Quotes
“We look for flat March m/m GDP growth (consensus: 0.0%), leaving the quarterly aggregate still at a relatively strong 0.5% q/q (consensus, BoE: 0.5%).”
“Key to this release will be the net contribution coming from inventories and imports as we look for the impact on the economy of pre-29 March Brexit stockbuilding. A strong net contribution on this front could be unwound in Q2.”
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