UK Q4 final GDP +1.3% vs +1.0% q/q prelim

News

Latest data released by ONS – 31 March 2021

  • GDP -7.3% vs -7.8% y/y prelim
  • Private consumption -1.7% vs -0.2% q/q prelim
  • Government spending +6.7% vs +6.4% q/q prelim
  • Exports +6.1% vs +0.1% q/q prelim
  • Imports +11.0% vs +8.9% q/q prelim
  • Total business investment +5.9% vs +1.3% q/q prelim
Slight delay in the release by the source. The preliminary report can be found here.

There are quite a number of notable revisions to the report, with consumption seen much weaker than initially estimated while business investment has been revised to being much higher than seen in the preliminary data.

In any case, the slight bump higher reaffirms the resilience in the UK economy despite the November lockdown at the time. Q1 economic conditions are likely to take a hit amid tighter restrictions but the outlook for 2H 2021 looks bright amid the quick vaccine rollout.

Articles You May Like

Major US stock indices erase declines and trade in positive territory
E.l.f. Beauty shares soar 19% after retailer indicates its torrid growth may not be over
USDCHF extends the trading range to the upside, but runs into swing area resistance
Gold Technical Analysis – New all-time high ahead?
Silver Price Forecast: XAG/USD finds support near $30 but remains feeble amid firm US Dollar