1545 GMT - Updated U.K. economic data showed a slightly better underlying picture in some ways, but not all the news is good, HSBC's Elizabeth Martins says. Consumption and business investment were revised up in the third quarter, but overall growth at 0.1% was still meager, she says in a note. The savings ratio fell 0.7 percentage points to 9.5%, and with a revised second-quarter print that marks a third quarterly decrease. "That's a potentially positive sign for next year, though surveys do not suggest a rise in confidence." Real household disposable income fell 0.8% in the third quarter amid higher taxes and inflation, Martins notes. HSBC's 2025 forecast for U.K. GDP growth is unchanged at 1.3% but it lowers its 2026 projection to 1.0%, from 1.1%. (edward.frankl@wsj.com)
(END) Dow Jones Newswires
December 22, 2025 10:45 ET (15:45 GMT)
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