TeleTrade - Analytics

TeleTrade

518.25 6.75/10
57% of positive reviews
Real

30.06.2015 09:37 Final U.K. GDP grows at 0.4% in the first quarter

The Office for National Statistics (ONS) released its final gross domestic product (GDP) data on Tuesday. The final U.K. GDP expanded at 0.4% in the first quarter, beating May's estimate of a 0.3% gain, after a 0.8% rise in the fourth quarter.

 

 

The upward revision was driven by methodological changes in construction.

 

 

On a yearly basis, the revised U.K. GDP rose 2.9% in the first quarter, eating May's estimate of a 2.4% increase, after a 3.4% gain in the fourth quarter.

 

 

The service sector climbed 0.4% in the first quarter, the construction sector dropped 0.2%, while the production sector was up 0.2%.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree