FLASH: UK GDP marginally revised down in Q4
- GDP growth was revised down by barely 3bp in the second release, but this caused it to round down to 0.448% q-o-q. Output ended the quarter in line with its brisk monthly trend rather than exceeding it as under the previous vintage.- Nominal growth has been recovering, but inflation is squeezing the real data. Private consumption and net trade matched my forecasts, but investment and government consumption were stronger, with inventories squaring the difference.
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