UK March monthly GDP +0.4% vs +0.1% m/m expected

• Prior +0.1%; revised to +0.2%
• Services +0.5% vs 0.0% m/m expected
• Prior +0.1%; revised to +0.3%
• Industrial output +0.2% vs -0.4% m/m expected
• Prior +1.1%; revised to +1.0%
• Manufacturing output +0.3% vs -0.4% m/m expected
• Prior +1.2%
• Construction output -0.4% vs +0.5% m/m expected
• Prior -1.9%; revised to -2.0%

The beat in the services output is what is contributing to the stronger headline reading, in turn helping to bolster overall GDP in Q1. That also follows a higher revision to the February numbers as well. The breakdown in terms of contribution is as follows:

• Services +0.40%
• Production +0.03%
• Construction -0.03%

This article was written by Justin Low at www.forexlive.com.