UK GDP on track for 0.25%+ Q3 rise

Navigation

Legal terms

About this journal

Posted on Tuesday, September 8, 2009 at 03:23PM by

Simon Ward |

Post a Comment

The OECD's forecast that UK GDP will contract by a further 0.25% in the third quarter looks even more suspect following today's industrial output release for July, showing a 0.6% rise from June to a level 0.7% above the second-quarter average.

Services output for July will be published on 30 September but the June number was already slightly above the second-quarter average. Even assuming no rise in July (at odds with more upbeat recent business surveys), the monthly GDP estimate described in previous posts will be 0.2% above the second-quarter level – see chart.

View Printer Friendly Version

Email Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

Post a New Comment

Enter your information below to add a new comment.

Author:

Author Email (optional):

Author URL (optional):

Post:

↓ | ↑

Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

This website is intended solely for the use of professionals, defined as Eligible Counterparties or Professional Clients, and is not for general public distribution. These are the views of the author at the time of publication. Any securities, funds, sectors and indices mentioned within this article do not constitute or form part of any offer or solicitation to buy or sell them. Past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. The information in this blog does not qualify as an investment recommendation.

Cookies: The NS Partners website uses cookies to remember your preferences and to help us to improve the site through the use of web analytics. By continuing without changing your cookie settings we will assume that you are happy to receive cookies for these two purposes. For full details on how to manage our cookies and how we use them, please see our cookie policy.

Issued in the UK by NS Partners Ltd., registered in England and Wales (Companies House no. 01880176) at Southwest House, 11A Regent Street St. James’s and regulated by the Financial Conduct Authority (FRN no. 141667)

We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.

For the latest information on NS Partners, please visit our website.