June 29, 2022

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UK Q1 GDP -1.5% q/q (vs. expected -1.6%, prior +1.3%)

1 min read

March quarter economic growth in the UK -6.1% y/y 

  • expected -6.1%, prior -7.3%

For the March month alone GDP +2.1% m/m

  • expected 1.5%, so a solid beat
  • prior 0.4%

GBP is trading up a touch, the March month result is encouraging despite a difficult quarter. April should be better when that data comes given the success the UK is having with its vaccine rollout. 

 more to come  
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