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UK Prelim GDP rises 0.5% q/q in Q1, matches expectations
Friday, 10 May 2019 15:46 WIB | ECONOMY |Ekonomi inggrisGDP Inggris

The UK GDP first estimate showed that the GDP figures came in at 0.5% q/q in the first quarter of 2019, up from 0.2% seen in the fourth quarter, while matching the consensus forecasts of +0.5%.

While on an annualized basis, the UK economy™s growth rate arrived at 1.8% in Q1, missing the expectations of 1.8% while decelerating from a 1.4% previous figure.

Separately, the UK GDP monthly release showed that the economy contracted in March, coming in at -0.1% versus 0.0% expected and 0.2% previous.

Meanwhile, Index of services (Mar) came in at -0.1% vs +0.1% m/m expected and Index of services (Mar) arrived at +0.3% vs +0.4% 3m/3m expected.

Source : FXstreet

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