Has come in at +1.1% q/q, +1.6% y/y vs median forecasts of +0.6%, +1.1% y/y.
Cable hits session high 1.5388, presently at 1.5370.
Q/Q growth highest since Q1 2006. Y/Y growth highest since Q1 2008.
Q2 construction sector output +6.6% q/q, biggest rise since 1963, rebounding after weather-related weakness in Q1.
Q2 service sector output +0.9% q/q, biggest rise since Q1 2007
Fact mortgage approvals came in much lower than expected at 34,813 in June, down from 36,418 in May, and below median forecast of 37,000 doesn’t really matter when set against the really surprisingly strong growth data.
