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Chris Dyett at Investec said: Qinetiq's interims were well signposted and the outturn is largely as expected.
Despite a sharp deterioration in the budgetary position in the final months of 2008, the full-year outturn is expected to show a modest surplus.
The logs are followed through to the processing point, and the sawn outturn is also in barcodes.
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The outturn was weaker than the consensus forecast of a 0.5% rise and left the annual growth rate at -1.3%.
Some economists believe the weak outturn was a blip and expect production to have bounced back in February.
The actual outturns were declines of 3.5%, 4.2% and 2.6% respectively.This lamentable short-sightedness was not unique.
Central and local government monthly expenditure outturns are also prone to revision well after the end of the financial year.
Expenditure outturns are actual releases of funds from central government to various spending centers.
The expenditure data based on central government outturns was compiled from approved estimates of revenue and expenditure reports that MoFPED publishes annually [ 10].
The contract outturn value is a locally agreed package of quality improvement goals and indicators, which, if achieved enables the provider to earn its full CQUIN payment (calculated as 1.5% of the actual outturn value of the provider contract).
The outturn may be almost double that.None of this detracts from the coalition's success in cutting costs, though.
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