UK data wrap: positive current account surprise
Friday, March 31, 2017 at 02:14PM
Simon Ward

UK monthly sectoral output numbers suggest that quarterly GDP growth will slow to 0.4-0.5% in the first quarter from 0.7% in the fourth quarter. GDP price data, meanwhile, confirm a pick-up in domestic inflationary pressures, with the annual rise in the GDP deflator unrevised at 2.8% in the fourth quarter. The current account deficit fell sharply last quarter, reflecting stronger trade performance in both goods and services and a further fall in net income paid abroad.

Highlights of today’s batch of data releases include:

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