- Prior -0.3%
- Services +0.1% vs +0.1% m/m expected
- Prior -0.4%; revised to -0.3%
- Industrial output -0.9% vs 0.0% m/m expected
- Prior -0.6%
- Manufacturing output -1.0% vs -0.1% m/m expected
- Prior -0.9%; revised to -0.7%
- Construction output -0.6% vs +0.2% m/m expected
- Prior +0.9%; revised to +0.8%
The drag in UK GDP on the month largely comes from the industrial side as services contributed with just marginal growth. A further slowdown in the economy will only serve to fan the fires of another rate cut by the BOE sooner rather than later.
