UK August GDP -0.1% vs 0.0% m/m expected

Author: Justin Low | Category: News

Latest data released by ONS - 10 October 2019


  • Prior +0.3%; revised to +0.4%
  • GDP +0.3% vs +0.1% 3m/3m expected
  • Prior 0.0%; revised to +0.1%
The headline reading is a little weaker than expected but is a bit offset by the more robust reading in July. So far, this is at least still shaping up to see the UK avoid a technical recession but economic conditions are by no means stellar in Q3.

It's all about Brexit for the pound so the data release here can easily be put aside for the time being. Cable holds steady on the release at 1.2240 currently after a mild dip to 1.2235, hardly anything really.

There's also factory activity data released at the same time are as per below:

  • Manufacturing production -0.7% vs +0.2% m/m expected
  • Prior +0.3%; revised to +0.4%
  • Manufacturing production -1.7% vs -0.4% y/y expected
  • Prior -0.6%; revised to -0.9%
  • Industrial production -0.6% vs +0.1% m/m expected
  • Prior +0.1%
  • Industrial production -1.8% vs -0.8% y/y expected
  • Prior -0.9%; revised to -1.1%
  • Construction output +0.2% vs -0.4% m/m expected
  • Prior +0.5%; revised to +1.8%
  • Construction output +2.4% vs -0.2% y/y expected
  • Prior +0.3%; revised to +1.9%

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