Q4 2015 UK GDP final 0.6% vs 0.5% exp q/q

The final reading of UK GDP for Q4 2015

• Prelim 0.5%
• 1st rev 0.5%
• Q3 0.4%
• 2.1% vs 1.9% exp y/y. Prior 1.9% Q3 2.1%
• Business investment -2.0% vs -2.1% prior q/q.
• 3.0% vs 2.4% prior y/y
• Jan Index of services 0.2% vs 0.2% exp m/m. Prior 0.2%. Revised to 0.3%
• 0.9% v s0.8% exp 3m/3m. Prior 0.7%. Revised to 0.8%
• Exports 0.1% vs -0.1% prior q/q
• Imports 0.9% vs 1.2% prior q/q
• Q4 current account balance -32.7bn vs -21.2bn exp. Prior -17.5bn. revised to -20.1bn

A touch better from the last revision and that will lessen some of the bearish view of the economy...slightly.

UK GDP breakdown

UK GDP y/y