Q2 2015 UK GDP revision data report 28 August 2015

  • Prior 0.7%. Q1 0.4%
  • 2.6% vs 2.6% exp. y/y. Prior 2.6%. Q1 2.9%
  • Exports 3.9% vs 2.0% exp q/q. Prior 0.4%
  • Imports 0.6% vs 0.6% exp q/q. Prior 2.3%
  • Q2 business investment 2.9% vs 1.7% exp q/q. Q1 2.0%
  • 5.0% vs 4.0% exp y/y. Q1 5.7%
  • June index of services 0.5% v s0.4% exp m/m. Prior 0.3%. Revised to 0.2%
  • 3m/3m 0.7% vs 0.7% exp. Prior 0.4%
  • Construction 0.2% vs 0.0% prior q/q

Off the bat it's a decent revision with exports and business investment up nicely. GBPUSD has turned around the dip to 1.5398 and is now at 1.5426

UK GDP details

UK Q2 GDP y/y