- Analytics
- News and Tools
- Market News
- Revised U.K. GDP grows at 0.5% in the fourth quarter
Revised U.K. GDP grows at 0.5% in the fourth quarter
The Office for National Statistics (ONS) released its revised gross domestic product (GDP) data on Thursday. The revised U.K. GDP expanded at 0.5% in the fourth quarter, in line with the preliminary reading, after a 0.4% rise in the third quarter.
The growth was driven by a rise in household spending. Household spending rose 0.7% in the fourth quarter.
Exports declined 0.1% in the fourth quarter, while imports were up 1.2%.
Business investment slid 2.1% in the fourth quarter.
The service sector climbed 0.7% in the fourth quarter, in line with the preliminary reading.
On a yearly basis, the revised U.K. GDP rose 1.9% in the fourth quarter, in line with the preliminary reading, after a 2.1% gain in the third quarter.
In 2015 as whole, U.K. GDP rose 2.2%, in line with the preliminary reading, after a 2.9% growth in 2014.
© 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
