Details of the Q3 2015 UK GDP 1st revision data report 27 November 2015

  • Q3 prelim 0.5%. Q2 0.7%
  • 2.3% vs 2.3% exp y/y. Prior 2.3%
  • Private consumption 0.8% vs 0.7% exp q/q. Prior 0.7%
  • Business investment 2.2% vs 0.8% exp q/q. Prior 1.6%
  • 6.6% vs 3.1% prior y/y
  • Gross fixed capital formation 1.3% vs 0.9% exp q/q. Prior 0.9%
  • Exports 0.9% vs 1.9% q/q in Q2
  • 5.5% vs 2.9% prior y/y
  • Imports 5.5% vs -2.7% q/q prior
  • 6.1% vs 1.4% prior y/y
  • Construction -2.2% unch
  • Index of services 0.4% vs 003% exp q/q. Prior 0.0%
  • 0.7% vs 0.8% exp 3m/3m. Prior 0.9%

The headline might not make any waves but the details underneath are good. A big drag on trade from those imports

UK GDP y/y