Details from the Q4 2016 UK GDP final data report 31 March 2016
Prior revision 0.7%. Q3 0.6%
1.9% vs 2.0% exp y/y. Prior rev 2.0%. Q3 2.2%
2016 GDP 1.8%
Exports 4.6% vs 4.1% prior Q3 -2.1%
Imports -1.0% vs -0.4% prior. Q3 1.4%
- Business investment -0.9% -1.0% prior q/q. Q3 0.4%
- -0.9% vs -0.9% prior y/y. Q3 -2.2%
- Current account deficit -12.09bn vs -16.00bn exp. Prior -25.49bm. Revised to -25.70bn
- GDP deflator 2.8% unch. Q3 0.3%
- Jan index of services -0.1% vs 0.2% exp m/m. Prior 0.2%
- 0.6% vs 0.7% exp 3m/3m. Prior 0.8%
A little disappointing to see the y/y number dip into the finish line. The services side showed its first drop since March last year and household income dropping 0.4% is a worry to the finances of UK citizens. That's likely to be inflation driven but it's could feed through into spending and thus a less than enthusiastic consumer.
UK GDP y/y
