UK: Focus on monthly GDP data - TDS

Analysts at TD Securities expect a second consecutive month of 0.0% m/m monthly GDP in September (consensus: 0.1%) for UK economy.

Key Quotes

“However the strong July number has flattered the third quarter, and we therefore see upside risks to the 18Q3 GDP number, at 0.6% q/q (though downside revisions to monthly GDP in previous months might shave a tenth off growth).”

“Compositionally, our early assessment suggests that net trade was a large contributor to the quarter's growth, while domestic demand likely remained subdued.”