Q3 2014 UK GDP 2nd read 0.7% vs 0.7% exp q/q via ForexLive

• Prelim prior 0.7%. Q2 0.9%
• 3.0% unch. Q2 3.2%
• Exports -0.4% vs -0.1% exp. Prior
• Imports 1.4% vs 0.7% exp. Prior -0.3%
• Private consumption 0.8% vs 0.6% exp q/q. Prior 0.6%
• Government spending 1.1% vs 0.2% exp. q/q Prior 1.0%
• Business investment -0.7% vs 3.3% prior q/q. 6.3% vs 11.0% prior y/y
• Index of services 0.5% vs 0.0% prior q/q. 3m/3m 0.8% unch

It's a bit of mixed bag really. Exports are down while imports jump (cheaper prices likely to be behind the rise in imports). Consumption is up slightly for the consumer and government but business investment falling is not good news at all. Total production fell to 0.2% from 0.5% prior.

posted via ForexLive