UK: Look for a small contraction in September IP data - TDS

Research Team at TDS, suggests that they are looking for a small contraction in UK’s September IP, with the manufacturing sector down -0.2% M/M (mkt +0.4%).

Key Quotes

“This is roughly in line with what the ONS had estimated for September IP in its preliminary Q3 GDP report, so shouldn’t have any significant implications for revisions. Later today NIESR reports it monthly GDP estimate for October, which should give us a better idea of growth momentum into Q4.”