No Growth In Q4; Q3 Revised Higher..........>

UK DATA: No Growth In Q4; Q3 Revised Higher

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- Q4 GDP 0.0% Q/Q, +1.1% Y/Y; (Q3 0.5%r QQ, 1.2% YY)

- DEC GDP +0.3% M/M, +1.2% Y/Y VS NOV -0.3% M/M, +0.5%r Y/Y

- DEC TOTAL TRADE SURPLUS STG7.715BN VS STG1.821BN NOV

- DEC INDEX OF SERVICES +0.3% M/M; +1.4% Y/Y

- DEC IND PRODUCTION +0.1% M/M, PRV -1.1%r, MED +0.3%

- DEC MANUFACTURING +0.3% M/M, PRV -1.6%R, MEDIAN +0.5%

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The UK economy did not grow in Q4 following an upwardly revised Q3. 

While household spending slowed to 0.1%, the lowest since Q4 2015, 

goverment spending surged to 2.1% q/q, its highest reading since Q1 

2012. Net trade showed the largest upward contribution to growth, adding 

1.56pp in Q4. M/M industrial output rebounded in Dec, however falling 

short of market forecasts. Services rose in Dec after Nov's decline. 

Total trade in goods was in surplus for the first since series began.