Q2 GDP Growth Unrevised At +0.3% q/q; +1.7%.>

UK DATA: Q2 GDP Growth Unrevised At +0.3% q/q; +1.7% y/y  

-UK Q2 Business Investment Flat q/q; Weakest Since Q4 2016

-UK Q2 Household Spending +0.1% q/q; Weakest Since Q4 2014

-UK Q2 Net Trade Exerts Neutral Effect on q/q Growth

-UK Jun Index of Services +0.4% m/m; +0.5% 3m/3m; +2.5% y/y  

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Q2 GDP growth was confirmed at +0.3% q/q, unchanged from the 

preliminary estimate. Services output in June was revised upwards by 

0.1pp to 0.4% m/m, for growth of 0.5% q/q on the quarter. Regarding the 

expenditure components of GDP, there was a slowing in both household 

spending and business investment. Spending came in at 0.1% q/q while 

business investment came in flat. The latter was the weakest outturn 

since Q4 2016 and follows concerns sounded by BOE Governor Mark Carney. 

Exports and imports were both up 0.7% q/q in Q2. GDP grew by 0.7% over 

the first six months of 2017, the slowest first half since 2012.