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Q2 Q/Q GDP Growth Unrevised; Savings Ratio..>

UK DATA
UK DATA: Q2 Q/Q GDP Growth Unrevised; Savings Ratio Revised Higher 
-UK Q2 GDP +0.3% q/q, y/y Growth Revised Down to 1.5%    
-UK Q2 Household Savings Ratio 5.4% vs 3.8% Q1 2017  
-UK Jul Services -0.2% m/m; +1.5% y/y; +0.5% 3m/3m; +1.8% 3m y/y 
------------------------------------------------------------------------ 
Q3 GDP growth was unrevised at 0.3% q/q, while annual growth was 
revised down to 1.5% y/y, and Q1 was revised up by a percentage point to 
0.3% q/q. The UK savings ratio rose to 5.4% in Q2 from a record low 3.8% 
in Q1, after the reclassification of dividend payments to incorporated 
self-employed workers. Business investment rose 0.5% in Q1, after 
registering no change in the previous estimate. Looking forward to Q3, 
July services contracted after June's healthy gain. The fall in July was 
attributed to a fall back in motion picture films, accounting for 
-0.19pp of the monthly fall, which outperformed in June.      
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