LONDON, Nov 20 (Reuters) - A second reading of third-quarter
gross domestic product will be the highlight of next week's data
calendar that also includes surveys on the health of the housing
market and retail sector.
GDP (2ND ESTIMATE Q3)
Wednesday, Nov 25 at 0930 GMT
Forecast Previous
GDP growth (qq) -0.3 -0.4
GDP growth (yy) -5.1 -5.2
The first estimate of third-quarter GDP showed a 0.4 percent decline, shocking analysts who had expected Britain's economy to pull out of recession. The extent of the contraction has been hard to square with the more upbeat tone of survey evidence and many economists expect the figure will be revised up slightly at the second reading.
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CBI DISTRIBUTIVE TRADES (NOV)
Thursday, Nov 26 at 1100 GMT
Forecast Previous
Reported sales balance 13 8
The Confederation of British Industry's survey suggested retail sales volumes grew in October at their fastest pace in two years and a further improvement is expected for November.
Bellwether department store chain John Lewis reported double-digit annual sales growth in the first two weeks of the month, boosting hopes for a strong start to the crucial Christmas shopping season.
FOR PREVIOUS STORIES, CLICK ON
NATIONWIDE HOUSE PRICE SURVEY (NOV)
(Expected during week)
Forecast Previous
House price change (m/m) +0.3 +0.4
House price change (y/y) +2.4 +2.0
The Nationwide index is expected to show house prices rose for a seventh month running in November, buoyed by a combination of record low interest rates and a lack of supply. That would translate into a further rise in the annual rate, which turned positive in October for the first time since early 2008.
FOR 2009 HOUSE PRICE FORECASTS, CLICK ON
FOR GUIDE TO UK HOUSE PRICE SURVEYS, CLICK ON
Keywords: BRITAIN ECONOMY/WEEKAHEAD (uk.economics@reuters.com; Tel. +44 20 7542 7708) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
GDP (2ND ESTIMATE Q3)
Wednesday, Nov 25 at 0930 GMT
Forecast Previous
GDP growth (qq) -0.3 -0.4
GDP growth (yy) -5.1 -5.2
The first estimate of third-quarter GDP showed a 0.4 percent decline, shocking analysts who had expected Britain's economy to pull out of recession. The extent of the contraction has been hard to square with the more upbeat tone of survey evidence and many economists expect the figure will be revised up slightly at the second reading.
FOR PREVIOUS STORY, CLICK ON:
CBI DISTRIBUTIVE TRADES (NOV)
Thursday, Nov 26 at 1100 GMT
Forecast Previous
Reported sales balance 13 8
The Confederation of British Industry's survey suggested retail sales volumes grew in October at their fastest pace in two years and a further improvement is expected for November.
Bellwether department store chain John Lewis reported double-digit annual sales growth in the first two weeks of the month, boosting hopes for a strong start to the crucial Christmas shopping season.
FOR PREVIOUS STORIES, CLICK ON
NATIONWIDE HOUSE PRICE SURVEY (NOV)
(Expected during week)
Forecast Previous
House price change (m/m) +0.3 +0.4
House price change (y/y) +2.4 +2.0
The Nationwide index is expected to show house prices rose for a seventh month running in November, buoyed by a combination of record low interest rates and a lack of supply. That would translate into a further rise in the annual rate, which turned positive in October for the first time since early 2008.
FOR 2009 HOUSE PRICE FORECASTS, CLICK ON
FOR GUIDE TO UK HOUSE PRICE SURVEYS, CLICK ON
Keywords: BRITAIN ECONOMY/WEEKAHEAD (uk.economics@reuters.com; Tel. +44 20 7542 7708) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
