The Gross Domestic Product (GDP) of the United Kingdom has grown by 1% in the preliminary reading for the fourth quarter, standing one tenth below the previous and expected 1.1%. This is its lowest level since the first quarter of the year.
The Year-on-year GDP rises at a rate of 6.5%below the 6.8% of the third quarter, but improving the 6.4% estimated by the consensus.
On the other hand, the Gross Domestic Product for December has fallen to -0.2% from +0.9% in November, improving on the -0.6% estimated by the market. This is the first negative month since July, and the biggest drop in the indicator since January 2021.
The UK has also published its industrial and manufacturing production data for December, with mixed results. Industrial production grew by 0.3% monthly, above the forecast 0.1%, while annual production increased by 0.4%, without reaching the expected 0.6%. Manufacturing production increased 0.2% m/m, above the 0.1% expected and 1.3% y/y, missing the 1.7% forecast.
The balance of trade The country slightly moderated its deficit in December to -12.534B pounds from -12.701B previously, coming very close to the forecast of -12.5B expected by the market.
Source: Fx Street
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