UK: Q2 GDP likely to post 0.4% q-o-q rise in the initial print - Nomura

Sandeep Kanihama FXStreet Contributor

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.”

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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