Heteronomics - FLASH: UK 3Q18 GDP growth now tracking 0.5% q-o-q

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Heteronomics

Philip Rush

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FLASH: UK 3Q18 GDP growth now tracking 0.5% q-o-q

- Monthly GDP increased by 0.3% m-o-m in July, which exceeded even my above-consensus forecast. I am raising my forecast for 3Q18 GDP growth to 0.5% q-o-q.
- Business services were the primary source of upside news, and the assumed payback lowers my forecast for August to 0.0% m-o-m (September remains at 0.1%).

10/09/2018 2 EN

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Heteronomics

Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.

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Analysts

Philip Rush

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FLASH: UK 3Q18 GDP growth now tracking 0.5% q-o-q

Riksbank: hopeful for vaccine dividend

BoE: preparing policy like a Scout

Italy: Dragging in Draghi

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