Free Trial
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.
UK
MNI (London)
UK GDP recorded a softer-than-anticipated contraction in Q3, declining by -0.2% q/q.
- This is an improvement on the -0.5% q/q contraction anticipated by both the consensus and the Bank of England's latest projections. Upwards revisions to July and August data provided the boost.
- This includes a monthly fall of -0.6% m/m in September (worse than -0.4% expected) which includes the additional bank holidays for the Queen's funeral. January 2021 was the last monthly fall of this magnitude.
- Services, production and construction output all slowed on the quarter. Services recorded a flat output as consumer-facing industries fared badly, driven by a slide in retail. Production declined by -1.5% q/q.
- Overall, there were no real surprises for the BOE in the data, underlining that the economy slowed markedly in September. It will also highlight for the government the challenges facing the economy ahead of next Thursday's Autumn statement.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok