UK: GDP and manufacturing to surprise to the upside in November – TDS UnitedKingdom GDP EconomicIndicator Banks GBPUSD
“We are looking for a significant upside surprise to November GDP growth, with the UK economy expanding 0.8% m/m on the back of strong growth in both the services and manufacturing sectors.”
“We expect manufacturing to surprise to the upside as well, as we look for 0.8% m/m growth in November manufacturing output with growth in motor vehicle production being a significant driver. This would altogether leave GDP on track for 1.1% q/q growth in Q4 2021—slightly above the BoE's forecast of 1.0%.”
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