FLASH: UK GDP boosted by consumers in Nov-18
- UK monthly GDP exceeded expectations by growing 0.2% m-o-m in Nov-18. Consumption supported the distributive trades well beyond retail and this more than counterbalanced the disappointment in IP.- Absent revisions, no growth is needed in December for 4Q18 GDP growth to exceed the BoE’s pre-Christmas forecast at 0.3% q-o-q, which remains my prediction.
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