Q2 GDP Fall Tempered By Gov't Spending,.....>

UK DATA: Q2 GDP Fall Tempered By Gov't Spending, Consumer

-UK Q2 Government Spending +1.1% q/q vs +0.7% previous estimate

-UK Q2 Government Spending +4.0%, biggest rise since Q4 2008

-UK Q2 Household Spending +0.4% vs +0.5% previous estimate

-UK Q2 Net Trade Adds 2.6pp from growth vs +3.5pp previous 

-UK Q2 Manufacturing -2.8% q/q vs -2.3% previous estimate

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UK GDP slipped by an unrevised 0.2% in Q2, a large upward revision 

to government spending prevented an even larger decline. Government 

spending added 0.22 percentage points to q/q growth and 0.73pp to y/y 

growth, lifting total y/y growth to 1.3% from a previously-reported 

1.2%. Consumer spending was revised downward, but still provided the 

biggest upward influence to GDP, adding 0.22pp. Growth in services was 

unrevised at 0.1%, the joint-smallest rise since Q2 2009. Manufacturing 

fell at its fastest pace since Q1 2009, stripping 0.28pp from total 

growth, courtesy of a 6.1% plunge in transport equipment.