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MNI's data team write that the UK's.........>

UK VIEW
UK VIEW: MNI's data team write that the UK's August GDP is likely to be "humbled
after July's strength."
They write:
- Services could be exposed in August. ONS officials noted that the motor trade
has been volatile over the past six months, with the seasonal factors subject to
revision. As a result, it could see a moderation in August.
- Offsetting industrial production factors to determine growth. Temperature drop
in August following June-July heatwave may boost utilities output on a M/M
basis.
- New order growth points to construction retraction. Total construction new
order growth declined 6.5% in Q2, hitting its lowest level since Q1 2013.
- Survey data suggests no manufacturing resurgence.
- Weak exports orders unlikely to help trade balance.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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