UK Q2 GDP seen around 0.4% m/m in June - Barclays

Dhwani Mehta FXStreet

The Barclays Research Team offers its insights on today’s UK second-quarter GDP monthly and quarterly figures that will drop in at 0830 GMT.

Key Quotes:

“We expect GDP to print +0.4% q/q in Q2 (preliminary release) as the economy recovers from Q1 disruptions and benefits from temporary positive factors.

But initial trade figures also point to a drag from next exports that we have offset through inventories.

The monthly series are expected to show GDP around 0.4% m/m in June supported by services (+0.3%m/m) and construction (+0.5%m/m), while production may come in neutral at best.“

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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