27 Apr 2016
UK GDP figures on the expected lines – BBH
Research Team at BBH, suggests that the UK Q1 GDP expanded on the expected lines as the 0.4% marks a slowing from the 0.6% pace seen in Q4, but the year-over-year pace was steady at 2.1%.
Key Quotes
“The eurozone's M3 money supply growth was also as expected at a 5% year-over-year pace. More importantly, the lending figures continue to hold up. March loans to households maintained their 1.6% pace. Loans to households grew by nine billion euros in adjusted terms in March. Loans to businesses increased by 1.1% year-over-year, slightly faster than the 1.0% pace in February. A caveat is that in monthly terms, loans to businesses rose by one billion euros after a 19 bln gain in February.”
Key Quotes
“The eurozone's M3 money supply growth was also as expected at a 5% year-over-year pace. More importantly, the lending figures continue to hold up. March loans to households maintained their 1.6% pace. Loans to households grew by nine billion euros in adjusted terms in March. Loans to businesses increased by 1.1% year-over-year, slightly faster than the 1.0% pace in February. A caveat is that in monthly terms, loans to businesses rose by one billion euros after a 19 bln gain in February.”