UK Q4 GDP to be confirmed at 0.5% q/q - Barclays
|The Barclays Research Team offer a sneak peak on what to expect from today’s UK Q4 GDP second estimate due on the cards at 0930GMT.
Key Quotes:
“In line with available output data, we expect GDP to be confirmed at 0.5% q/q assuming IoS remains in line with recent trends (ie, +0.1%m/m).
We forecast the expenditure breakdown to show slower consumption growth (+0.1%q/q).
But a pickup in capex (+0.3%q/q).
Monthly trade data points towards a sizeable negative contribution of net exports (-0.6pp) but this will likely be offset by positive inventories.”
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