UK October monthly GDP -0.1% vs +0.1% m/m expected

• Prior -0.1%
• Services 0.0% vs +0.1% m/m expected
• Prior 0.0%
• Industrial production -0.6% vs +0.3% m/m expected
• Prior -0.5%
• Manufacturing output -0.6% vs +0.2% m/m expected
• Prior -1.0%
• Construction output -0.4% vs +0.3% m/m expected
• Prior +0.1%

UK GDP misses on estimates to start Q4 with the services sector stagnating in October and industrial activity all underwhelmed. It’s another sign that more sluggish economic conditions will slowly and surely become more of a factor for the BOE to consider for rate cuts next year.

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