UK GDP Prelim QQ* (Q4) -0.3% vs. Exp. -0.1% (Prev. -0.1%)
Important
SourceNewsquawk
SectionUK Data
ONS:
- "While the economy has now decreased for two consecutive quarters, across 2023, GDP is estimated to have increased by 0.1% compared with 2022" adding "This is the weakest annual change in real GDP since the financial crisis in 2009, excluding the year 2020, which was affected by the coronavirus (COVID-19) pandemic"
- "This release includes revisions to periods Quarter 1 (Jan to Mar) to Quarter 3 (July to Sept) 2023, where growth in Quarter 1 2023 has been revised down by 0.1 percentage points, while total GDP in Quarter 2 (Apr to June) and Quarter 3 2023 are unrevised."
- GDP Deflator: "The implied price of GDP rose by 0.2% in Quarter 4 2023, where the quarterly increase is primarily driven by higher prices in exports, government consumption and household consumption... partially offset by a fall in the implied price for gross capital formation, as well as an increase in the implied price of imports..."