September 12, 2022 06:07 GMT
- Monthly GDP a tenth weaker than expected at 0.2%M/M - leaving the 3M/3M figure flat rather than +0.1%.
- Services was broadly in line with expectations but IP (manufacturing was a bit weak, but there was a 3.4%M/M fall in electricity, has, steam and aircon supply) and construction was weak (due to remain and maintenance falling 2.6%). Trade data was better than expected.
- This data is close enough to expectations that it probably won't have either much impact on markets or next week's MPC decision.
- As noted earlier, labour market data tomorrow and inflation on Friday will be more closely watched.