Market estimates point to no surprise in the second estimate of the UK's third-quarter GDP. The second reading will include expenditure data, which are expected to show consumer spending again contributed positively to the quarterly growth, offset by the negative impact from weak trade. Retail sales surged in September, and overall in the third quarter too, thus boosting quarterly GDP growth by approximately 0.1 percentage point, but the deficit on trade widened by £5.1 billion to £8.5 billion in the third quarter, when compared with the second quarter, according to the ONS data. On the output side, services are ... (full story)