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UK DATA
MNI (London)
UK DATA: UK Monthly GDP (Jan 2020) Preview -- 0930GMT 11/3/20
--------------------------------------------------------------- 
- 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.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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