UK Q3 Prelim GDP arrives at 0.6% q/q, bang on expectations

Dhwani Mehta FXStreet

The UK GDP first estimate showed that the GDP figures came in at 0.6% q/q in the third quarter of 2018, better than 0.4% seen in the second quarter while matching the expectations.

While on an annualized basis, the UK economy’s growth rate arrived at 1.5% in Q3, meeting the consensus forecasts of 1.5% while rising from a 1.2% figure.

Separately, the UK GDP monthly release showed that the economy showed no growth in September versus 0.1% expected growth and 0.0% previous. Meanwhile, Index of services (Sept) came in at -0.1% vs +0.1% m/m expected and Index of services (Sept) arrived at +0.4% vs +0.5% 3m/3m expected.

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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