Weekly Economic Briefings > Uk Weekly Economic Briefing

The slowdown in GDP growth in Q3 was a little worse than expected but tallied with the survey evidence in showing a marked split between a robust services sector but weakness among manufacturers. That said, the pattern of past GDP revisions suggests that the ONS may have been overly-cautious in arriving at its estimate. But the implications for monetary policy are firmly dovish, with the MPC likely to revise down its forecasts for growth and inflation in Novembers Inflation Report.