The Office of National Statistics released the Gross Domestic Product (GDP) quarterly estimate for the UK from October to December 2018 this morning.
According to the report, GDP was estimated to have increased by 0.2 percent over the fourth quarter. This growth has been shown to be driven by the services sector while “all four sub-sectors of production and construction contributed negatively to GDP growth.”
Positive factors that contributed to the GDP outcome were private and government consumption, while gross capital formation and net trade contributed negatively to GDP growth in the latest quarter.
Another important finding of the report was that nominal GDP increased by 0.7 percent over the stated time period for 2018 “with compensation of employees providing the largest contribution to growth.”
Go to http://bit.ly/2uzk7uB to view the whole report.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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 email@example.com.