UK Monthly GDP (Aug 2019) Preview - 09:30...>

UK DATA: UK Monthly GDP (Aug 2019) Preview - 09:30 BST 10/10/19

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- GDP: BBG: 0.0% m/m, 0.1% 3m/3m; Prev(Jul): 0.3% m/m, 0.0% 3m/3m 

- IP: BBG: 0.1% m/m, -0.8% y/y; Prev (Jul): 0.1% m/m, -0.9% y/y 

- Services: -0.1% m/m, 0.2% 3m/3m; Prev (Jul): 0.3% m/m, 0.2% y/y 

- Markets are looking for a flat reading for the UK's monthly GDP, while the

less volatile 3-month average is projected to edge up to 0.1%. 

- IP is seen unchanged on July, while manuf output is anticipated to slow to

0.2% following Jul's rebound to 0.3%. 

- The expected IP uptick is likely related to Brexit distortions, as several

auto plants shut down their factories in April instead of Aug. 

- Services output is projected to post a marginal decrease of 0.1%. However,

markets look for the 3-month average to remain on Jul's level of 0.2% in Aug. 

- Fwd-looking indicators suggest a gloomy outlook with the manuf PMI remaining

in contraction for the fifth successive month and the services PMI revealing a

six-month low.