Analysts at Nomura suggest that based on their forecasts for flat industrial production, a small 0.1% rise in service sector output and a modest rebound in construction output, UK’s GDP would rise by 0.1% in September.
“That would in turn imply a 0.6% q-o-q growth rate for Q3. While it would take a material downside surprise to the monthly rate to yield something weaker than 0.6% q-o-q, only a small upside surprise could easily push growth up to 0.7% during the quarter relative to our 0.6% view.”
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