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Q3 2016 UK GDP final 0.6% vs 0.5% exp q/q

Details from the Q3 2016 UK GDP final data report 23 December 2016

  • Prior revision 0.5%. Q2 0.7% . Revised to 0.6%

  • 2.2% vs 2.3% exp y/y. Prior rev 2.3%. Q2 2.1%

  • Exports -2.6% vs 0.7% prior rev. Q2 -1.0%

  • Imports 1.4% vs -1.5% prior rev. Q2 1.3%

  • Business investment 0.4% vs 0.9% prior rev q/q. Q2 1.0%

  • -2.2% vs -1.6% prior rev y/y. Q2 -0.8%

  • Index of services 0.3% vs 0.2% exp m/m. Prior 0.2%

  • 1.0% vs 0.8% exp yy/y. Prior 0.8%. Revised to 1.0%

  • Q3 current account -25.5bn vs -28.2bn exp. Prior -28.7bn. Revised to -22.1bn

Not as good a final read as the tick up in the headline suggests. Exports dive, imports jump, household income fell (-0.6%), and the biggest fall since Q4 2013.

Q1 and Q2 have also been revised lower by a pip each.

There's not a lot here that gives reason for the pound to jump.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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