UK January GDP +0.5% vs +0.2% m/m expected

Author: Justin Low | Category: News

Latest monthly GDP data released by ONS - 12 March 2019


  • Prior -0.4%
  • GDP +0.2% vs +0.2% 3m/3m expected
  • Index of services +0.3% vs +0.2% m/m expected
  • Prior -0.2%
A solid beat in economic activity to start the year and that's reflected by the factory data below as well. That will at least help out with the doom and gloom rhetoric in the UK economy in light of Brexit uncertainty. Regardless, it's all about Brexit now for the pound so the data here is very much secondary and of no interest to markets.

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

  • Manufacturing production +0.8% vs +0.2% m/m expected
  • Prior -0.7%
  • Manufacturing production -1.1% vs -1.9% y/y expected
  • Prior -2.1%
  • Industrial production +0.6% vs +0.2% m/m expected
  • Prior -0.5%
  • Industrial production -0.9% vs -1.3% y/y expected
  • Prior -0.9%
  • Construction output +2.8% vs +0.8% m/m expected
  • Prior -2.8%
  • Construction output +1.8% vs -0.2% y/y expected
  • Prior -2.4%

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