No surprises in the GDP figures out today, after the savage revisions made to the previous quarter.

Things aren’t quite as bad as first thought. GDP was revised up gently from a drop of 0.8% in the second quarter to a drop of 0.7%. This was down to a more favourable set of numbers for manufacturing.

Estimates of construction’s decline remain at 2.2% for the quarter. So hopefully we shouldn’t see too many surprises in the official constuction figures next week.