Free Trial

Services, Construction Support GDP in July..>

UK DATA
UK DATA: Services, Construction Support GDP in July But Mfg Weak Again   
-UK Jul GDP +0.3% m/m; +1.6% y/y; +0.6% 3m/3m; +1.4% 3m y/y
-UK Jul Index of Services +0.3% m/m; +1.5% y/y
-UK Jul Index of Production +0.1% m/m; +0.9% y/y
-UK Jul Manufacturing -0.2% m/m; +1.1% y/y
-UK Jul Construction +0.5% m/m; +3.5% y/y
---------------------------------------------------------------
On an output basis, GDP grew by 0.3% m/m in July, following growth of 
0.1% m/m in June and 0.3% m/m in May. That meant on a 3m/3m basis, GDP 
grew by 0.6% - the joint-fastest pace since February 2017. Assisting the 
solid monthly rate was a strong services sector, bolstered further by 
strong retail activity, and mining and quarrying which returned to 
full-action after an unforseen closure in June. Manufacturing output, 
however, continued to disappoint, while construction output recorded its 
fastest 3m/3m pace of growth since Feb '17.              

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.