UK October monthly GDP -0.1% vs 0.1% m/m expected

December 13, 2024
-FCHFX

December 13, 2024 at 07:00AM

Prior -0.1%

Services 0.0% vs +0.1% m/m expected

Prior 0.0%

Industrial production -0.6% vs +0.3% m/m expected

Prior -0.5%

Manufacturing output -0.6% vs +0.2% m/m expected

Prior -1.0%

Construction output -0.4% vs +0.3% m/m expected

Prior +0.1%

UK GDP misses on estimates to start Q4 with the services sector stagnating in October and industrial activity all underwhelmed. It’s another sign that more sluggish economic conditions will slowly and surely become more of a factor for the BOE to consider for rate cuts next year.

This article was written by Justin Low at www.forexlive.com.

UK October monthly GDP -0.1% vs 0.1% m/m expected

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