UK Q3 GDP growth was finalized at 0.6% qoq, unrevised. Annually, GDP grew 1.5% yoy, revised up by 0.1%. ONS noted that “services remained the strongest contributor to growth in the output approach to GDP in Quarter 3 2018, with growth easing slightly from the previous quarter; construction and manufacturing also contributed positively to growth.”
At the same time, ONS also said “In comparison with the same quarter a year ago, the UK economy has grown by an unrevised 1.5%. This is a slight pickup from previous quarters in the year, although the longer-term picture remains one of relatively subdued growth compared with historic standards”
Also from UK, current account deficit widened to GBP -26.5B in Q3, larger than expectation of GBP -22.2B. Public sector net borrowing rose to GBP 6.3B in November, below expectation of GBP 7.0B
