UK Q4 GDP to be confirmed at 0.5% q/q - Barclays

The Barclays Research Team offer a sneak peak on what to expect from today’s UK Q4 GDP second estimate due on the cards at 0930GMT.
Key Quotes:
“In line with available output data, we expect GDP to be confirmed at 0.5% q/q assuming IoS remains in line with recent trends (ie, +0.1%m/m).
We forecast the expenditure breakdown to show slower consumption growth (+0.1%q/q).
But a pickup in capex (+0.3%q/q).
Monthly trade data points towards a sizeable negative contribution of net exports (-0.6pp) but this will likely be offset by positive inventories.”
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.

















