UK: Recent activity data point to Q1 GDP growth at 0.1% q/q - Barclays

The Barclays Research Team offers a sneak peek at what to expect from today’s UK GDP second estimate for the first quarter, slated for release at 0830 GMT.

Key Quotes:

“Recent activity data continues to point to Q1 growth at 0.1% q/q. Trade data point to a neutral contribution to Q1 GDP following a negative -0.4qq contribution in Q4, while dwelling construction points to a -0.11pp contribution of residential housing to investment growth.”