Rolling 3M GDP Higher In Aug Despite........>

UK DATA: Rolling 3M GDP Higher In Aug Despite Monthly Contraction

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- AUG GDP -0.1% M/M; +1.1% Y/Y; 0.3% 3M/3M; 1.2% 3M Y/Y

- AUG INDEX OF SERVICES 0.0% M/M; 0.4% 3M/3M; 1.5% Y/Y

- AUG INDUSTRIAL PRODUCTION -0.6% M/M; -1.8% Y/Y

- AUG MANUFACTURING -0.7% M/M; -1.7% Y/Y

- AUG TOTAL TRADE DEFICIT STG1.546BN VS STG1.681BN JUL

- AUG GLOBAL GOODS TRADE GAP STG9.806BN VS STG9.625BN JUL

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UK GDP declined marginally in August, down 0.1% m/m, but leaving the 

3-month rolling average at a four month high of 0.3%. Industrial 

production, dropping by 0.6% m/m, drove the m/m decline, while services 

were flat on the month. Between June and August, services were the 

upward driver, adding 0.36% of the 0.3% gain. July's total trade deficit 

was revised lower (from -Stg0.219 to -Stg1.681), leaving August at a 

slight improvement on last month.