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GDP (MoM) (UK)

UK GDP Turned Positive Again in January After the Dip in December

Starts Wednesday, April 10, 2019 at 08:30
Updated Wednesday, April 10, 2019
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Economic growth has been softening in the UK, especially in Q2 of last year and again in Q4. This GDP report will be for January 2019. We saw the GDP fall flat in August and September, but it ticked a point higher in October and in November, the economy expanded by 0.2%. In December we saw a 0.4% contraction in growth which was reflected in the Q4 report released last month. But in January, the economy expanded by 0.5%, which makes up for the decline in December. Please follow us for live coverage in real time of the event by experienced analysts. 

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About GDP (MoM) (UK)
Gross Domestic Product (GDP) measures the total value of a country’s industrial output over a given period. It consists of the aggregate domestic production of goods and services by individuals, businesses, and government. GDP data is available in dollar or index form. U.K. GDP (MoM) is the comparison of growth from one fiscal quarter to the next, represented in a percentage format.GDP (MoM) is a leading indicator of U.K. economic health. High levels of GDP growth are viewed as being positive for U.K. indices as well as the GBP. Low levels of growth are negative to most asset classes and are common to recessionary cycles. The Bank of England (BOE) places a great deal of emphasis on monthly and yearly GDP. Robust growth is often a prelude to monetary tightening, while stagnate levels provide an environment conducive to Quantitative Easing (QE).Traders monitor GDP (MoM) releases closely. Abnormal reports may cause rapid buying or selling of the U.K. indices or GBP. Currency, equities, and commodities markets all exhibit enhanced degrees of volatility surrounding the GDP release.
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