Monthly GDP (Apr 2020) Preview - 0700BST....>

UK DATA: Monthly GDP (Apr 2020) Preview - 0700BST 12/06/20

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- GDP: BBG: -18.0% m/m, -10.1% 3m/3m; Prev(Mar): -5.8% m/m, 0.1% 3m/3m

- IP: BBG: -15.0% m/m, -19.3% y/y; Prev (Mar): -4.2% m/m, -8.2% y/y

- Services: -20.0% m/m, -10.2% 3m/3m; Prev (Mar): -6.2% m/m, -1.9% y/y - M/M GDP

already fell by 5.8% in Mar when the country was only one week into lockdown. 

- Non-essential shops and many factories remained closed in Apr which will

result in an even sharper GDP drop with analysts forecasting a decline by 18.0%.

- Similarly, IP is forecast to slump 15.0% which would be the fifth successive

monthly decline. 

- The service sector is seen contracting by 20% m/m in Apr. 

- After no growth in Feb and only a small uptick in Jan, services plunged by

6.2% in Mar  showing that the sector started the year on a weak note. 

- With many shops closed to mid-Jun and hospitality only opening in Jul, the

service sector is set to take a big hit in Q2.