U.K. fourth quarter GDP preliminary reading remained unrevised at -0.2%, matching analysts' forecasts, yet it was downwardly revised to 0.7% on the year from the advanced and expected readings of 0.8%.
Private consumption advanced 0.5% compared with a revised of -0.1%; government spending soared 1.0% from a revised of -0.3%.
Exports rose 2.3% from a revised of -0.7% and estimates of 1.5%, while imports surged 0.4%, above a revised of 0.2% and forecasts of 0.1%.
On the other hand, gross fixed capital formation plummeted 2.8% from a revised of -1.0%. Total business investment fell 5.6% from a revised reading of 1.0%, while it slipped 2.0% on the year from a revised of 5.4%.
Separately, the index of services for the three months ended December came flat, in line with median estimates, compared to the prior reading of 0.1% which was revised up to 0.2%. In December, the reading advanced 0.2% from a revised of 0.5%, which was 0.6% initially, and compared with anticipations of 0.1%.