Q3 2016 UK GDP 1st revision 0.5% vs 0.5% exp q/q
Details from the Q3 2016 UK GDP 1st revision data report 25 November 2016
- Flash 0.5%. Q2 0.7%
- 2.3% vs 2.3% exp y/y. Flash 2.3%. Q2 2.1%
- Exports 0.7% vs 1.0% exp q/q. Q2 -1.0%
- Imports -1.5% vs -0.1% exp q/q. Q2 1.3%
- Business investment 0.9% vs 0.6% exp q/q. Q2 1.0%
- -1.6% vs -2.1% exp y/y. Q2 -0.8%
- Private consumption 0.7% vs 0.8% exp. Q2 0.9%
- Government spending 0.4% vs 0.3% exp q/q. Q2 0.0%
- Gross fixed capital formation 1.1% vs -1.0% exp q/q. Q2 1.6%
- Sep index of services 0.2% vs 0.2% exp m/m. Prior 0.2%
- 0.8% vs 0.8% exp 3m/3m. Prior 0.8%
Pretty much on the money. Better investment numbers, which will be welcome in the post Brexit environment, though we'll have to see if that's maintained in this next phase of uncertainty before art50 is triggered. The drop in imports could be sterling related as goods become more expensive. Consumption was so-so.
Not a lot to get excited about really. It keeps the UK ticking over.
Checking through the other details, the only negative was that wages came in at 1.3% vs 1.9% prior q/q. We'll have to wait until the final numbers to see how real disposable income fared.
UK GDP y/y