Global| Aug 24 2007Yr/Yr UK GDP Growth Holds Steady
Summary
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 [...]
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.
| 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% |
Robert Brusca
AuthorMore in Author Profile »Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
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