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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK DATA
MNI (London)
The UK economy advanced by +0.2% m/m in April, in line with expectations, rebounding from a -0.3% m/m March decline (previous data unrevised).
- The +0.3% m/m growth in services partly was partially offset by a -0.6% m/m fall in construction and -0.3% m/m slump in manufacturing.
- Consumer facing services strengthened by +1.0% m/m, recovering from the -0.8% m/m March slide, which saw demand depressed by wet weather conditions.
- Darren Morgan, ONS Director of Economic Statistics noted “Bars and pubs had a comparatively strong April, while car sales rebounded and education partially recovered from the effect of the previous month’s strikes.“
- Marginal growth over the past three months (+0.1%) was flagged as largely driven by construction.
- Lower energy prices, fiscal stimulus and recovering confidence underscored a less-weak outlook in the Bank of England's last May projection round, however in aggregate the growth picture looks relatively stagnant, with the extra Bank holiday expected to weigh on the May data.
Source: ONS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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