UK Q3 2017 GDP final 0.4% vs 0.4% exp q/q

by | December 22nd, 2017, 09:30:04 | Economic Data, UK | 2 comments

UK economics

Q3 2017 UK GDP final reading 22 December 2017

  • Prior read 0.4%
  • Q2 0.3%
  • 1.7% vs 1.5% exp y/y. Prior 1.5% prior y/y
  • Business investment 0.5% vs 0.2% prior q/q
  • 1.7% vs 1.3% prior y/y
  • Q3 current account -22.78bn vs -21.2bn exp. Prior -23.18bn

ONS says;

  • Growth in household consumption was revised down to 0.5% from 0.7%
  • Household savings ratio fell to 5.2% from 5.6% in Q3
  • Real household disposable income q/q was 0.2% for Q3
  • Net trade had no overall influence on growth
  • Q3 current account deficit narrowed from 5.1% to 4.5% as a share of GDP; smallest rise since Q1 2017
  • Household net borrowing has now risen for past four successive quarters for first time on record
  • VAT returns now used within calculations of GDP for first time

Better on the year and a decent rise in business investment. GBPUSD was heading south to 1.3355 before the data and has sprung back to 1.3375.

Ryan Littlestone
Latest posts by Ryan Littlestone (see all)

Pin It on Pinterest