UK: Focus on monthly GDP data - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities expect a second consecutive month of 0.0% m/m monthly GDP in September (consensus: 0.1%) for UK economy.

Key Quotes

“However the strong July number has flattered the third quarter, and we therefore see upside risks to the 18Q3 GDP number, at 0.6% q/q (though downside revisions to monthly GDP in previous months might shave a tenth off growth).”

“Compositionally, our early assessment suggests that net trade was a large contributor to the quarter's growth, while domestic demand likely remained subdued.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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