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UK DATA: GDP revised downward by a tenth in both Q3-24 and Q2-24

UK DATA
CEEMEAData BulletBulletUKMarketsFixed Income BulletsForeign Exchange Bullets

For GDP: downward revisions of 0.1ppt for both Q3-24 to flat (from +0.1%Q/Q) and to Q2-24 (to 0.4%Q/Q). No revisions to Q1-23 to Q1-24 data.

  • ONS: "There was no growth in the services sector in the latest quarter, whilst a 0.7% increase in construction was offset by a 0.4% fall in production."
  • No real GBP FX impact from these data. And too backward looking to really impact monpol going forward.
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For GDP: downward revisions of 0.1ppt for both Q3-24 to flat (from +0.1%Q/Q) and to Q2-24 (to 0.4%Q/Q). No revisions to Q1-23 to Q1-24 data.

  • ONS: "There was no growth in the services sector in the latest quarter, whilst a 0.7% increase in construction was offset by a 0.4% fall in production."
  • No real GBP FX impact from these data. And too backward looking to really impact monpol going forward.