The first estimate of GDP for Q1 2017 showed a 0.3 per cent rise compared with the previous quarter, slightly below consensus estimates. It’s worth noting that the preliminary estimate is compiled with just 45 per cent of the data available and is therefore subject to revisions in the subsequent releases.The services component weakened in Q1 to 0.3 per cent having risen by 0.8 per cent in the previous quarter. The services component has risen on average 0.7 per cent over the previous 16 quarters and has supported much of the growth seen in GDP from Q2 2016 onwards. Both Production and Agriculture rose by 0.3 per cent while construction rose by just 0.2 per cent.
UK Executive Report
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Executive Report - April 2017
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