UK: Q2 GDP likely to post 0.4% q-o-q rise in the initial print - Nomura
|According to analysts at Nomura, UK’s economic growth slowed to just 0.2% q-o-q in Q1, but the PMI surveys suggest that Q2 should be around the 0.5% mark.
Key Quotes
“With industrial production having been weak and construction growth falling (at least according to the official data), we think economic growth is likely to be a little weaker than what the surveys are pointing to, and forecast a 0.4% q-o-q rise in the initial print for Q2.”
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