ANALYST VIEWS: DO YOU EXPECT REVISIONS IN THE GDP GROWTH RATE?
HOWARD ARCHER | IHS GLOBAL INSIGHT
I suspect that the year-on-year growth rate may be trimmed to 2.7 per cent from the currently reported rate of 2.8 per cent but there are currently no indications that the third-quarter GDP growth rate of 0.8 per cent quarter-on-quarter will be revised down.
MICHAEL SAUNDERS | CITIGROUP
I do not anticipate any revisions at this stage. I expect that the split will show consumer spending up about 0.8 per cent quarter-on-quarter with investment up 2-3 per cent. Nominal GDP is likely to remain buoyant, probably rising by 5-6 per cent year-on-year.
PHILIP SHAW | INVESTEC
Assessing whether GDP will be revised this month is a tough call, given that the ONS still judges that industrial production expanded by 0.6 per cent in the third quarter. Services were estimated to have risen 0.6 per cent. I have no strong views on whether this will be revised.