"Figure 2: Comparison of 2016 forecasts with 2016 outcomes for growth in selected economic variables","" "","" "","" "Notes","1. Not all forecasters release public forecasts for each of the economic variables. " "Unit","%" "","" "","2016 Outcome","Independent (July 2016)","OBR (Nov 2016)","BoE (Aug 2016)" "GDP ","1.8","1.6","2.1","2" "CPI (Q4)","1.2","1.3","0.7","0.8" "Manufacturing output ","0.7","-0.3","","" "Real household
disposable income ","1.5","2.4","2.4","" "House price inflation (Q4)","5.5","2.4","6.6",""