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3 Numbers To Watch: Revised UK 3Q GDP, US Durable Goods & US Conference Board Consumer Confidence

From tradingfloor.com

Revised UK GDP data for Q3 kicks off today’s releases, followed by updates on US Durable Goods orders and the Conference Board’s estimate of American consumer confidence. UK Q3 GDP (09:30 GMT) Britain’s GDP increased 1.0% for the third quarter—the fastest pace in five years—and today’s second revision isn’t likely to challenge that estimate beyond a minor retreat. But even if the 1.0% rate holds, the update will provide an excuse to refocus attention on the mixed outlook for the British economy in Q4. Recent projections from the Bank of England raise the possibility that the economy may contract in the final three ... (full story)

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