UK Q3 Prelim GDP arrives at 0.6% q/q, bang on expectations

The UK GDP first estimate showed that the GDP figures came in at 0.6% q/q in the third quarter of 2018, better than 0.4% seen in the second quarter while matching the expectations.

While on an annualized basis, the UK economy’s growth rate arrived at 1.5% in Q3, meeting the consensus forecasts of 1.5% while rising from a 1.2% figure.

Separately, the UK GDP monthly release showed that the economy showed no growth in September versus 0.1% expected growth and 0.0% previous. Meanwhile, Index of services (Sept) came in at -0.1% vs +0.1% m/m expected and Index of services (Sept) arrived at +0.4% vs +0.5% 3m/3m expected.