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15 Nov 2024
UK Preliminary GDP expands 0.1% QoQ in Q3 vs. 0.2% expected
- Quarterly GDP for the UK rose 0.1% in Q3 vs. 0.2% estimate.
- UK GDP came in at -0.1% MoM in September vs. 0.2% forecast.
- GBP/USD remains below 1.2700 after the UK GDP data.
The UK economy grew 0.1% QoQ in the three months to September 2024 after expanding 0.5% in the second quarter. The data missed the market forecast of +0.2% in the reported period.
The UK GDP climbed by 1.0% YoY in Q3 vs. 1.0% expected and 0.7% recorded in Q2.
The monthly UK GDP arrived at -0.1% in September, compared to a 0.2% increase in August, missing the expectations of +0.2%.