- Analytics
- News and Tools
- Market News
- UK Q4 GDP Contraction Confirmed At 0.3%
UK Q4 GDP Contraction Confirmed At 0.3%
The British
economy contracted 0.3 percent quarter-on-quarter in the fourth quarter,
unrevised from the previous estimate, the latest figures from the Office for
National Statistics showed Wednesday.
The third
quarter GDP figures were revised up to show a 1 percent growth for the period
compared to 0.9 percent growth reported initially.
Output of
the production industries fell 1.9 percent quarter-on-quarter in the fourth
quarter, revised down from the previously estimated 1.8 percent fall. Manufacturing
output dropped 1.3 percent, revised up from the previously estimated decrease
of 1.5 percent.
Output of
the service industries fell 0.1 percent while it was previously estimated to be
unchanged. Output of the construction industry rose 0.9 percent, stronger than
the 0.3 percent increase reported earlier.
Household
final consumption expenditure increased 0.2 percent in volume terms in the
latest quarter. Government final consumption expenditure increased 0.6 percent.
At the same
time, gross fixed capital formation decreased 0.4 percent in the fourth
quarter, following a decrease of 0.6 percent in the previous quarter.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
