UK: Focus on monthly GDP report – TDS

Analysts at Nomura point out that the new-ish monthly GDP report of UK is out for July, and they expect the data to show an increase of +0.2% m/m, underpinned by small gains in IP, services, and construction.

Key Quotes

“This should set the 3-month rate of growth up for a healthy-looking 0.5% 3m/3m, but it's likely that temporary factors that helped boost growth in May through July will fade later in the quarter.”