UK Q4 GDP revised lower to 0.4% q/q vs. 0.5% expected

The UK GDP second estimate came in at 0.4% q/q in the fourth quarter of 2017, a tad weaker than the 0.5% figure seen last while missing estimates.

While on an annualized basis, the UK economy’s growth rate accelerated to 1.7% in Q4, beating the consensus forecasts of 1.5% and 1.5% booked in the first readout.