UK: Key data for next week - Danske Bank

According to analysts from Danske Bank, key reports next week include Industrial Production and Construction Output and also the NIESR GDP growth estimates. 

Key Quotes: 

“In the UK, focus next week will be on industrial and manufacturing production data and construction output, which should add further insight on the current activity in the UK economy. We expect both industrial and manufacturing production data to show modest monthly increases in February, indicating that activity is slowing somewhat.

“In our view, the NIESR GDP growth estimate for March will also attract some attention.  We estimate that UK GDP expanded 0.4% in the three months to March, although adverse weather conditions in March suggest some downside risk to our estimate.”

“While we see signs that activity is slowing, we still expect the Bank of England to hike the Bank Rate by 25bp in May.”