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- UK GDP little changed in Q1
UK GDP little changed in Q1
UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.1% between Quarter 4 (Oct to Dec) 2017 and Quarter 1 (Jan to Mar) 2018, unrevised from the preliminary estimate of GDP.
When comparing GDP growth in the most recent quarter to the same quarter a year ago, we see a continuation of a pattern of slowing growth, in part reflecting a slowing in the growth of consumer-facing industries.
The services industries increased by 0.3% in Quarter 1 2018; while construction decreased by 2.7% in Quarter 1 2018.
Household spending grew by 0.2%, while business investment decreased by 0.2% between Quarter 4 2017 and Quarter 1 2018.
Compensation of employees increased by 1.6% in Quarter 1 2018, contributing most to the income approach to measuring GDP; in part reflecting an increase in earnings and employment in the latest quarter.
GDP per head in volume terms decreased by 0.1% between Quarter 4 2017 and Quarter 1 2018.
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