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Why MNI
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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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Free AccessGDP On Course to Beat Unflattering Q1 in Q2.>
UK DATA: GDP On Course to Beat Unflattering Q1 Growth in Q2
-UK MAY GDP +0.3% m/m; +0.2% 3m/3m; +1.4% 3m y/y
-UK MAY Services +0.3% m/m; +0.4% 3m/3m; +1.5% 3m y/y
-UK MAY Production -0.4% m/m; -0.6% 3m/3m;
-UK MAY Manufacturing +0.4% m/m; -1.2% 3m/3m;
-UK MAY Construction +2.9% m/m; -1.7% 3m/3m;
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UK GDP grew by 0.3% on the month in May, with all but one of the major
output components supporting growth. Services and construction output
both expanded on the month but was offset by a drop in overall
production which was weighed down by a 4-day, unexpected closure of the
Sullom Voe North Sea Oil Field. On a 3m/3m basis, growth expanded by
0.2%. GDP growth could contract by 0.9% m/m in June and overall Q2 GDP
would come in level with Q1's disappointing showing (0.2% q/q).
To read the full story
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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.