Consumption in United Kingdom
United Kingdom - Consumption
The economy loses steam in the three months to October
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.1% in October over the prior month in seasonally-adjusted terms, up from September’s flat reading. The quarter-on-quarter expansion for the August-October period was 0.4%, matching market expectations and down from 0.6% growth in the July-September period.
Looking at a sector-by-sector picture, the slowdown in August-October came on the back of slower growth in services and construction, and a stagnating manufacturing sector. Services growth was depressed by lower car sales, while manufacturing suffered from a decline in the volatile pharmaceutical industry.
All in all, the monthly GDP data suggests a slowdown in the final quarter of the year, which is also corroborated by recent soft PMI and retail sales figures.
UK GDP Forecast
The Central Bank expects the economy to expand 1.7% in both 2019 and 2020. Met the why particular panelists see GDP expanding 1.5% in both 2019 and 2020.
United Kingdom - Consumption Data
|Consumption (annual variation in %)||1.7||2.1||2.6||2.9||1.7|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Facts
|Bond Yield||1.18||-3.04 %||Dec 11|
|Exchange Rate||1.26||-0.35 %||Dec 11|
|Stock Market||6,722||-0.26 %||Dec 11|
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December 11, 2018
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.1% in October over the prior month in seasonally-adjusted terms, up from September’s flat reading.
December 11, 2018
Industrial production decreased 0.6% in October over the prior month according to the Office for National Statistics, down from September’s flat reading.
December 5, 2018
Growth in the UK services sector declined notably in November, with the IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) droppng from 52.2 in October to 50.4, markedly undershooting analysts’ expectations.
November 30, 2018
According to the Nationwide Building Society (NBS), house prices in the United Kingdom increased 0.3% in November compared to the previous month in seasonally adjusted terms, up from October’s flat reading.
November 29, 2018
The GfK consumer confidence indicator fell from minus 11 points in October to minus 13 points in November.