Will the GBP acknowledge the data today?

A Big Round of Economic Data Coming Out of UK

Posted Friday, May 10, 2019 by
Skerdian Meta • 1 min read

Today we have a big round of data coming up from the UK which will be released shortly. The month-on-month (MoM) GDP is expected to fall flat for March at 0.0% which would be the second weakest month after the 0.4% contraction we saw in December. Although, the GDP is expected to have grown by 0.5% in Q1 as a total. Below is the table with all the economic indicators from Britain:

UK Economic DataActualExpectedPrevious
GDP MoM0.0%0.2%
GDP QoQ0.5%0.2%
Manufacturing Production MoM0.1%0.9%
Prelim Business Investment QoQ-0.9%0.9%
Construction Output MoM-0.8%0.4%
Goods Trade Balance-13.7B-14.1B
Index of Services 3M/3M0.4%0.4%
Industrial Production MoM0.2%0.6%

Most of the numbers are expected to be negative or worse than in the previous release, hence the red figures for the expectations. Manufacturing production is expected to fall flat for March after the two strong reading in January and February, which came after a series of declines in the production. Business investments and construction output are expected to decline while manufacturing production is expected to fall to 0.2%. So, a negative/soft round of data is expected from the UK. But let’s not judge too early and just wait for the numbers to come out.

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