FLASH: UK industry keeps Q4 GDP growth on track
-Â Industrial output strengthened again in November amid a brisk manufacturing trend and cold-weather stoking utilities. Elevated flows on the national grid sustained in December, although the extraction industries are likely to hit IP hard.- Construction output returned to growth, albeit with about a 2% q-o-q fall in Q4 still tracking. Substantial upward revisions remind how dubious these data are though, and GDP growth remains on track for 0.4% q-o-q growth in Q4.
- The external goods trade deficit widened slightly, despite manufacturing strength, as imports outpaced exports, which were also revised down.
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