Rolling coverage of the latest economic and financial news, with the latest healthcheck on the UK economy due at 7am
Here’s Michael Hewson, chief market analyst at CMC Markets UK, on the UK GDP data due in around 10 minutes…
This morning we get the latest November GDP numbers for the UK economy, which are expected to point to the UK economy already being in a modest recession. With the economy contracting in Q3, it is quite likely we might see a further contraction in Q4.
Monthly GDP in October rose by 0.5%, although on a rolling 3-month basis the economy contracted by -0.3%. This rolling 3-month figure isn’t expected to change in this morning’s November numbers with another figure of -0.3%, while the monthly number is expected to decline by -0.2%.
