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UK Q4 GDP in focus this week – RBC CM

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at RBC Capital Markets, suggests that early snippets of UK data that will form part of the Q4 GDP calculation haven’t been particularly encouraging.

    Key Quotes

    “As things stand, with the October and November outturns for industrial production and construction, it looks entirely possible that these two sectors could end up being a drag on output in Q4. So, as usual, the all-important services sector is where growth is expected to come from but even there October saw just a modest expansion of 0.1% m/m.

    All of this means we now expect Q4 GDP growth of 0.4% q/q, the same as Q3. That would put 2015 GDP growth at around 2.1-2.2%, which would represent a distinct softening on 2014’s growth of 2.9%. Our expectation for 2016 is to see growth at a similar rate to 2015, rather than 2014.”
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