Second cut of UK Q3 GDP is out on Friday

The second cut of UK Q3 GDP is out on Friday. Although in time there is the prospect of an upward revision to construction output, it doesn't seem likely to materialise yet, so the initial estimate of 0.5% q/q is expected to be reconfirmed. 

The expenditure breakdown is expected to show essentially flat govt spending and a negative contribution from net trade (after a large positive contribution in Q2), which will once again mean that private consumption and investment are the dominant sources of expansion. The BoE's Carney and Haldane testify to the UK Treasury Committee on Tuesday.