Q2 GDP Growth Unrevised At +0.4% Q/Q; Q1....>

UK DATA: Q2 GDP Growth Unrevised At +0.4% Q/Q; Q1 Revised Down -0.1% Q/Q  

-UK Q2 Business Investment -0.7% q/q; Revised Down Significantly 

-UK Q2 Household Spending +0.4% q/q, Trade Subtracts 0.6pp from Q2 GDP

-UK Q2 Household Savings Ratio +3.9% vs +3.6% Q1; Disposable Income Down 

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Quarterly GDP growth was unrevised at 0.4% in Q2 but masked revisions to 

components in both the output and expenditure breakdowns. On an output 

basis, upward revisions to services and manufacturing out were offset by 

a downgrade to construction output growth. On an output basis, a marked 

1.2pp downgrade to q2 business investment was supplemented with 

downwardly revised government expenditure, exceeding a slight 0.1pp 

upward revision to household consumption and trade. The household 

savings ratio rose 0.3pp to 3.9% q/q in Q2. Though up, this was the 4th 

lowest outturn since records began (1963).