UK Q3 GDP due Friday, 11 November 2022, preview: “should signal the start of a recession” | Forexlive
UK data due on Friday, 11 November 2022 includes economic growth data for the July, August & September quarter:
- This snapshot below is from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
Snippet preview via Société Générale:
- GDP data for September will be biased downwards by the disruption to activity from the Queen’s funeral, leading to output falling by 0.4% m/m
- The result for 3Q as a whole should be a fall in GDP of 0.5% QoQ which should signal the start of a recession that is likely to extend to the middle of next year
I posted this mid-week: