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MNI UK Data Survey: Q4 UK GDP - First Estimate

MNI (London)
Repeats Story Initially Transmitted at 11:40 GMT Jan 22/06:40 EST Jan 22
By Jamie Satchithanantham
     LONDON (MNI) - Ending what looks set to be a busy week for UK data, we have
perhaps the most eagerly watched piece of economic news with the release of the
preliminary estimate of Q4 GDP growth. Despite communication from the Bank of
England expecting growth to moderate in Q4 from Q3, analysts on the whole see
growth unchanged at 0.4% q/q.   
     Eleven of the sixteen analysts surveyed expected unchanged growth at 0.4%
q/q with a couple convinced growth gathered further momentum, rising to 0.5%
q/q. Three follow the Bank's line of thought, expecting the pace of growth over
Oct-Dec to moderate to 0.3% q/q. 
     Alongside the GDP report we will also learn how the Services sector got on
in November. Analysts saw output unchanged at 0.2% on the month.   
----------------------------------------------------------
                    2017 Q4    2017 Q4       Nov       Nov
                  First GDP  First GDP        UK        UK
                   Estimate   Estimate  Index of  Index of
                       rate       rate  Services  Services
                      % Q/Q      % Y/Y     % M/M     % Q/Q
Date Out             25-Jan     25-Jan    25-Jan    25-Jan
Median                  0.4        1.4       0.2       0.4
High                    0.5        1.5       0.3       0.4
Low                     0.3        1.2       0.1       0.4
Std Dev                 0.1        0.1       0.1       0.0
Count                    16         11         5         3
Prior                   0.4        1.7       0.2       1.2
Berenberg               0.5        N/A       N/A       N/A
Capital                 0.4        1.4       0.2       0.4
Credit Suisse           0.4        N/A       N/A       N/A
Commerzbank             0.4        N/A       N/A       N/A
Daiwa                   0.4        1.4       N/A       N/A
HSBC                    0.4        1.4       0.2       0.4
Investec                0.4        1.4       N/A       N/A
JP Morgan               0.4        1.4       0.1       N/A
Lloyds TSB              0.4        1.4       0.2       0.4
Natixis                 0.4        1.4       0.3       N/A
Nomura                  0.5        1.5       N/A       N/A
Pantheon                0.3        N/A       N/A       N/A
RBC                     0.3        1.3       N/A       N/A
Stan Chart              0.4        N/A       N/A       N/A
Societe Generale        0.4        1.4       N/A       N/A
UniCredit               0.3        1.2       N/A       N/A
--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com
[TOPICS: MTABLE]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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