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mpc: 11 Since the Committee's November meeting, the Office for National Statistics had published the UK Output, Income and Expenditure release for Q3. Annual GDP growth had been revised up by 0.1 percentage points to 1.7%. Quarterly growth had been left unrevised at 0.4%. Excluding output of the oil sector, quarterly GDP growth had been 0.6%. It seemed as though the low point in non-oil output growth had been in Q1, with some gradual recovery since.