{"id":442023,"date":"2026-11-12T15:40:11","date_gmt":"2026-11-12T08:40:11","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-september-gdp-beats-expectations-as-resilient-growth-keeps-boe-december-rate-hike-on-track-442023\/"},"modified":"2026-11-12T15:40:11","modified_gmt":"2026-11-12T08:40:11","slug":"uk-september-gdp-beats-expectations-as-resilient-growth-keeps-boe-december-rate-hike-on-track","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-september-gdp-beats-expectations-as-resilient-growth-keeps-boe-december-rate-hike-on-track-442023\/","title":{"rendered":"UK September GDP beats expectations as resilient growth keeps BOE December rate hike on track"},"content":{"rendered":"<div>\n<ul>\n<li style=\"text-align: justify\" class=\"text-align-justify\">UK September monthly GDP +0.2% vs 0.0% m\/m expected<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Prior +0.1%; revised to 0.0%<\/li>\n<\/ul>\n<p>The breakdown:<\/p>\n<ul>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Services output +0.2% vs 0.0% m\/m expected<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Prior 0.0%; revised to -0.1%<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Industrial output +0.3% vs -0.3% m\/m expected<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Prior +0.8%; revised to +0.7%<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Manufacturing output +0.7% vs -0.5% m\/m expected<\/li>\n<li style=\"text-align: justify\" class=\"text-align-justify\">Pripr +1.2%; revised to +0.7%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The UK economy looks to have pulled off a surprisingly resilient end to the third quarter, with growth conditions picking up in September. The beat on estimates comes as the services sector outperformed, albeit also with a negative revision to the August figures. Overall, this sees the UK economy grow by 0.7% on the quarter &#8211; matching estimates in the preliminary report <a href=\"https:\/\/investinglive.com\/news\/uk-september-monthly-gdp-0-2-vs-0-0-m-m-expected\/\" rel=\"follow\">here<\/a>.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Looking at the details, there were positives all around with the services sector growth being the standout. But at the same time, industrial and manufacturing output also posted growth in September in defying negative expectations. So, that also helped to underpin the stronger economic mood in wrapping up Q3 2026.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The more detailed breakdown shows that 9 of the 14 subsectors grew in the services sector, with the\u00a0largest positive contribution coming from real estate activities (+0.4%).\u00a0The second largest positive contribution to services sector output in September came from transportation and storage (+1.4%).<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Overall, this report will do little to distract the BOE outlook as policymakers continue to keep their eyes focused on the inflation battle. With growth conditions still holding up, there will be lesser headwinds for the BOE in wanting to justify another bank rate increase in December before reassessing their policy path again come next year.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">GBP\/USD is keeping at around 1.3260 on the day, down 0.1% on the day and not too much changed from the data release with traders having priced in roughly 71% odds of a 25 bps rate hike for next month coming into today.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UK September monthly GDP +0.2% vs 0.0% m\/m expected Prior +0.1%; revised to 0.0% The breakdown: Services output +0.2% vs 0.0% m\/m expected Prior 0.0%; revised to -0.1% Industrial output +0.3% vs&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-442023","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/442023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=442023"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/442023\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=442023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=442023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=442023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}