Free Trial

GDP Expected to Strengthen in Q1 - Q1 GDP...>

UK DATA
UK DATA: GDP Expected to Strengthen in Q1
- Q1 GDP Growth Bbg Consensus and MNI Median: 1.8% y/y, 0.5% q/q
- Previous (Q4 2018): 1.4% y/y, 0.2% q/q
- Markets look for a temporary stronger Q1 GDP. Growth expectations of 1.8% y/y
from 1.4% in Q4-18 and 1.2% in Q1-18, led partly by Brexit-related stockpiling
in the manufacturing sector.
- PMI data for Mar reveals a stronger manufacturing and construction sector,
underlining the optimistic outlook for Q1 GDP
- The less volatile 3m/3m trend GDP was 0.3% in Feb, the same level as Jan.
- GDP growth slowed in Feb on monthly basis due to weaker service sector
- The service sector growth weakened in February to 0.1% from 0.3% in January,
however still contributed 0.08pp to overall growth in Feb
- Finc'l & insurance services posted their 12th monthly decline and the longest
such run on record.
- Manufacturing and overall production recovered somewhat in Feb, contributing
the most to GDP growth in the month, up 0.09pp each.

To read the full story

Close

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.