UK: Focus on the expenditure side of the GDP accounts – Nomura

Analysts at Nomura suggest that in the absence of any revisions to the headline rates of growth (0.5% q-o-q and 1.5% y-o-y) the focus in the second estimate of GDP for UK will be on the expenditure side of the accounts.

Key Quotes

“Consumer and investment spending growth will be focal points as we try to make sense of how Brexit has influenced growth via its impact on sterling, inflation and uncertainty.”