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 0.7 per cent on average 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 Retail Economic Briefing
Our UK Retail Economic Briefing analyses a range of macroeconomic indicators including GDP, consumer spending, inflation, labour market, commodity prices, exchange rates, monetary indicators, credit and lending market data, house prices, mortgage data, retail sales and more.
UK Retail Economic Briefing - April 2017
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The UK Retail Economic Briefing includes:
|Summary and economic overview|
|Prices, costs and margins|
|... and much more|