Free Trial

Q3 Revised Up Due To Stronger Services......>

UK DATA
UK DATA: Q3 Revised Up Due To Stronger Services
-------------------------------------------------------------------
- UK Q3 GDP REVISED +0.4% Q/Q; +1.1% Y/Y
- UK Q3 HOUSEHOLD SAVING RATIO 5.4% VS 6.0% Q2 2019
- UK Q3 HOUSEHOLD EXPENDITURE +0.3% Q/Q VS +0.4% 1ST ESTIMATE
- UK Q3 NET TRADE ADDS 2.41PP TO GDP VS +1.22PP 1ST ESTIMATE
- UK Q3 GOVERNMENT CONSUMPTION -0.6% Q/Q VS +0.3% 1ST ESTIMATE
- UK Q3 CURRENT ACCT DEFICIT STG15.86BN VS STG24.152BN 
- UK NOV PSNB-X STG5.575BN VS STG5.329BN NOV 2018
---------------------------------------------------------
UK GDP was revised up by 0.1pp to 0.4% in Q3, taking the annual rate to 
1.1% (up from 1.0%). While household and government spending were 
revised down in Q3, exports saw a substantial upward revision, resulting 
in a positive contribution to growth. A stronger service sector led to 
Q3's upward revision. Ytd borrowing stood at Stg 50.9bn in November, 
above the OBR full FY target. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.