The question is, which is the leading indicator?
9:30 RTRS – UK Q1 OUTPUT PER WORKER -2.0 PCT QQ, -4.2 PCT VS YR AGO, BIGGEST YY FALL SINCE RECORDS BEGAN IN 1960.
9:30 RTRS – UK SERVICE SECTOR OUTPUT -0.1 PCT MM IN APRIL VS -0.2 PCT IN MARCH, SMALLEST FALL SINCE OCT 08.
Related link:
UK GDP fall/fail … biggest ever – FT Alphaville
