UK Monthly GDP (Jan 2020) Preview --........>

UK DATA: UK Monthly GDP (Jan 2020) Preview -- 0930GMT 11/3/20

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- GDP: BBG: 0.2% m/m, 0.1% 3m/3m; Prev(Dec): 0.3% m/m, 0.0% 3m/3m 

- IP: BBG: 0.3% m/m, -2.6% y/y; Prev (Dec): 0.1% m/m, -1.8% y/y 

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

- Markets expect m/m GDP to slow to 0.2% in Jan, after Dec's rebound to 0.3%,

which was the highest level since Jul 2019. 

- M/M IP is expected to rise to 0.3% after Dec's reading of 0.1%, while mfg

output is forecast to slow to 0.2% from Dec's level of 0.3%

- Services are projected to fall by 0.1pp to 0.2% m/m in Jan 

- The mfg PMI jumped to a 10-month high in Feb, while the services PMI ticked

down slightly, although remains in expansion.

- The KPMG/REC's job report showed a strong rise in permanent placements in Feb.

- Survey evidence in Feb paints a positive picture, however, survey periods do

not yet include the outbreak of the coronavirus in Europe and might look

different when Mar figures are available.