UK DATA: Monthly GDP in line with expectations
Oct-16 06:06
- UK GDP rose 0.1%M/M (which was the consensus expectation) but there was a downward revision of 0.1ppt to July to -0.1%M/M from flat. Overall, however, this left the 3m/3m measure in line with expectations at 0.3%.
- Looking at the component breakdown services was flat (tenth softer than expected) with a downward revision of a tenth to July to be flat M/M too.
- Manufacturing was stronger than expected rising 0.7%M/M (0.2%M/M expected) with July revised up 0.2ppt to -1.1%M/M.
- Looking more into the details now but limited market reaction with GBPUSD moving 10 pips lower on the release and already retracing half of that.
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MNI: UK AUG PAYE PAYROLLS TOTAL EMPLOYEES 30299.79M
Sep-16 06:00
- MNI: UK AUG PAYE PAYROLLS TOTAL EMPLOYEES 30299.79M
- UK AUG PAYE PAYROLLS FLASH CHANGE -7744.0K
MNI: UK JUL AWE PRIVATE REGULAR PAY +4.66% 3MO Y/Y (VS +4.8% JUN)
Sep-16 06:00
- MNI: UK JUL AWE PRIVATE REGULAR PAY +4.66% 3MO Y/Y (VS +4.8% JUN)
- UK JUL AWE PRIVATE REGULAR PAY +4.51% SINGLE MONTH Y/Y (VS +4.55% JUN)
- UK JUL AWE PRIVATE TOTAL PAY INC BONUS +4.63% 3MO Y/Y (VS +4.68% JUN)
- UK JUL AWE WHOLE ECON REGULAR PAY +4.83% 3MO Y/Y (VS +4.98% JUN)
- UK JUL AWE WHOLE ECON TOTAL PAY INC BONUS +4.71% 3MO Y/Y (VS +4.65% JUN)
MNI: UK JUL UNEMPLOYMENT RATE 4.7%
Sep-16 06:00
- MNI: UK JUL UNEMPLOYMENT RATE 4.7%
- UK JUL 3MO EMPLOYMENT CHANGE +232K
