UK: Expect the second estimate of UK Q3 GDP to be unrevised at 0.5% - RBC CM

Research Team at RBC Capital Markets, expects the second estimate of UK Q3 GDP to be unrevised at 0.5% q/q following better than expected news in the construction sector offsetting a disappointment on IP versus the preliminary estimate.

Key Quotes

“The expenditure breakdown will become available on this occasion, which will also provide the first insight into business investment since the EU referendum result. On balance survey evidence has been pointing south for this sector, so a continuation of Q2’s y/y decline wouldn’t be a surprise.”