• Prior 0.7%

No one ever takes a more than a glimpse at this figure on an NFP day but it should have some bearing as it rounds off the fourth quarter of 2014 and is the first indicator of Q4. Given the H2 slowdown we saw last year it might be pointing to less of a slowing in growth than the market expects.

For the whole of 2014 they say the economy grew 2.6% vs 1.3% in 2013, well below the BOE early forecasts of around 3-3.5%

UK NIESR GDP 09 01 2015

UK NIESR GDP 09 01 2015