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

UK DATA
MNI (London)
UK DATA: UK Monthly GDP (Nov 2019) Preview - 09:30 BST 13/01/2020
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- GDP: BBG: 0.0% m/m, -0.1% 3m/3m; Prev(Oct): 0.0% m/m, 0.0% 3m/3m 
- IP: BBG: 0.0% m/m, -1.2% y/y; Prev (Oct): 0.1% m/m, -1.3% y/y 
- Services: 0.1% m/m, 0.2% 3m/3m; Prev (Oct): 0.2% m/m, 0.2% y/y 
- Markets are looking for a flat reading for the UK's monthly GDP, which would
result in the fourth consecutive m/m read without growth. The last time the UK
economy failed to grow for three successive months was between Jan-Mar 2009. 
- The less volatile 3-month average is projected to fall by 0.1% - IP is
forecast to stagnate following Oct's rebound to 0.1%.
- Services accelerated m/m in Oct to a three-month high, but markets look for a
slight deceleration in Nov.
- Meanwhile, the UK's manuf PMI fell to the second lowest level in 7.5 years in
Dec, while the service PMI only rose by 0.7pt to 50. signalling stagnation.
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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