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Hard to see any bright spots in the 7:00BST data

UK DATA

Looking through the GDP data at first glance it's hard to see any parts that exceeded expectations. Consumption was weaker, trade weaker (although the ONS saying there is some uncertainty in the data here - and it is a big downward pull). Services and IP data both below expectations and government spending down more than expected (although that's largely lower Covid activity). Hard to see any bright spots at first glance.

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