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

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.