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Economy in Brief

Yr/Yr UK GDP Growth Holds Steady
by Robert Brusca August 24, 2007

GDP steady Y/Y up Q/Q on stronger private consumption.


UK trends are more or less in tact with the release of the Q2 GDP report. Both exports and imports are sharply lower owing to a boost in both flows in Q1 2006. Quarterly trade flows show that exports are lagging a bit more in their recovery compared to imports. Private consumption is still strong, unlike on the continent.

UK GDP
  Consumption Capital Formation 3COLSPAN
  GDP Private Public Total Housing Exports Imports Domestic Demand
% change Q/Q; X-M is Q/Q change in Blns of euros
Q2-07 3.4% 3.0% 3.2% -4.3% #N/A -4.0% -1.7% 3.8%
Q1-07 2.8% 1.9% 2.2% 4.5% 16.0% -3.3% -2.6% 2.8%
Q4-06 3.3% 4.4% 1.8% 13.1% -11.4% -1.4% -3.0% 2.6%
Q3-06 2.8% 1.1% 1.3% 8.7% 8.4% -38.5% -39.8% 0.3%
% change Yr/Yr; X-M is Yr/Yr change in Gap in Blns of euros
Q2-07 3.0% 2.6% 2.1% 5.3% #N/A -13.4% -13.5% 2.4%
Q1-07 3.0% 2.9% 1.1% 8.9% 6.7% -11.6% -9.8% 3.2%
Q4-06 3.1% 2.5% 1.9% 9.8% 5.0% -1.1% 0.1% 3.5%
Q3-06 3.0% 1.9% 1.9% 7.8% 12.6% 3.5% 4.0% 3.2%
5-Yrs 2.8% 2.5% 2.7% 4.3% #N/A 3.1% 3.6% 2.9%
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