UK GDP Comes In RIGHT In Line With Expectations At 0.5%

The good news: It wasn’t a total disaster.

After last quarter’s shock negative rating, everyone was bracing for the worse. Instead, we just got a really 0.5% anemic number, which was as expected.

Austerity FTW!

Update: You can find the full breakdown here (.pdf).

Note the huge tailoff in construction spending.