UK Q1 GDP flash reading 28 April

  • 0.7% prev
  • yy 2.1% vs 2.2% exp vs 1.9% prev
  • index of services mm 0.2% vs 0.3% exp vs -0.1% prev
  • 3mth/3mth 0.55 as exp vs 0.6% prev

GBP a tad softer on the qq slowdown as consumer-led services sector stalls and slowest qq growth since Q1 2016, but yy still stronger than prev

Say the ONS:

  • Slower growth in Quarter 1 2017 was mainly due to services, which grew by 0.3% compared with growth of 0.8% in Quarter 4 (Oct to Dec) 2016.
  • In Quarter 1 2017 there were falls in several important consumer-focused industries, such as retail sales and accommodation; this was due in part to prices increasing more than spending.
  • Production, construction and agriculture grew by 0.3%, 0.2% and 0.3% respectively in Quarter 1 2017.

Full ONS report here

Apols for late posting. Some on-going site issues here but I'm sure you all have data calendars you follow anyhow.

GBPUSD 1.2921 EURGBP 0.8428 GBPJPY 143.83