Details of the Q1 2016 UK GDP final revision data report 30 June 2016
– 2.0% vs 2.0% exp y/y. Prior 2.0%
– Business investment -0.6% vs -0.5% prior q/q
– -0.8% vs -0.4% prior y/y
Although the headline number held up there’s a mixed bag underneath. Some components up, some down, some flat. If there was a bright spot it would be the disposable income jump and the household savings ratio. Some of that may have to be used to get through and Brexit slump.