GDP Expands in Q3 Despite Monthly Falls.....>

UK DATA: GDP Expands in Q3 Despite Monthly Falls Aug, Sept

-UK Q3 GDP +0.3% q/q vs -0.2% q/q Q2

-UK Sept GDP -0.1% q/q vs -0.2% Aug, +0.3% July

-UK Q3 Household Spending +0.4%, adds 0.25pp to growth

-UK Q3 Business Investment flat vs -0.4% Q2

-UK Q3 Services +0.4%, adds 0.4pp to growth

-UK Q3 Manufacturing flat vs -2.8% Q2

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UK GDP expanded by less than the 0.4% forecast in Q3, with a resilient 

service sector accounting for the bulk of growth. However, growth was 

concentrated in July, with GDP contracting in the two latter months of 

the quarter. H'hold spending remained buoyant, and business investment 

recorded no change, exceeding expectations of a 0.5% fall. A 9.4% 

increase in outlays on information technology equipment accounted for 

much of the outperformance, contributing 1.2pp to total business 

investment. GDP expanded by just 1.0% over the same period of 2018, the 

slowest annual growth since Q1 2010.