Details of the Q4 2015 UK GDP preliminary data report

  • Q3 0.4%
  • 1.9% vs 1.9% exp y/y. Prior 2.1%
  • Q4 services output 0.7% vs 0.6% Q3 q/q
  • Q4 industrial output -0.2% vs +00.2% Q3 q/q
  • Q4 construction -0.1% vs -1.9% Q3 q/q
  • 2015 GDP 2.2% vs 2.9% in 2014
  • Nov index of services 0.2% vs 0.2% exp m/m. Prior 0.1%
  • 0.6% vs 0.6% exp y/y. Prior 0.5%

Services were the main driver say the ONS, which saw a pick up of activity in business and financial services

This first number accounts for less than half the full data we get by the final number. The pound is finding a small crumb of comfort that the UK has seen a pick up in growth, if only by a tick

1.4298 is the high coming from 1.4250

UK GDP y/y