Details from the Q4 2016 UK GDP final data report 31 March 2016
– Business investment -0.9% -1.0% prior q/q. Q3 0.4%
– -0.9% vs -0.9% prior y/y. Q3 -2.2%
A little disappointing to see the y/y number dip into the finish line. The services side showed its first drop since March last year and household income dropping 0.4% is a worry to the finances of UK citizens. That’s likely to be inflation driven but it’s could feed through into spending and thus a less than enthusiastic consumer.