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MNI: UK DATA: UK second estimate GDP (Q1 2019).......>

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MNI: UK DATA: UK second estimate GDP (Q1 2019) Preview - 09:30 BST
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- BBG and MNI Cons: 0.5% q/q, 1.8% y/y; First estimate: 0.5% q/q; 1.8% y/y 
- Prev(Q4): 0.2% q/q, 1.4% y/y 
- Markets expect final Q1 GDP to register in line with the first estimate...
-...which showed a growth rate of more than double the pace compared to Q4 
- Q1's flash growth was boosted by significant gains in production output
(+2.2%)... 
-...reflecting Brexit-related distortions ahead of the original deadline 
- Services slowed to 0.3% in Q1 after a strong performance in H2 2018 
- M/M GDP fell 0.4% while the less volatile 3m/3m trend GDP rose 0.3% in Apr 
- UK's manufacturing PMI fell into contraction territory again in May...
-...pointing to a renewed downturn of production... 
-...hence suggesting a downbeat outlook for Q2 growth

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