UK GDP grew by 0.6%

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Thursday, Jan 26 2017

UK GDP grew by 0.6%

UK gross domestic product (GDP) was estimated to have increased by 0.6% during Quarter 4 (Oct to Dec) 2016, the same rate of growth as in the previous 2 quarters. Growth during Quarter 4 was dominated by services, with a strong contribution from consumer-focused industries such as retail sales and travel agency services.

Following falls in Quarter 3 (July to Sept) 2016, construction and production provided negligible positive contributions to GDP growth in Quarter 4 2016. UK GDP was estimated to have increased by 2.0% during 2016, slowing slightly from 2.2% in 2015 and from 3.1% in 2014. GDP per head was estimated to have increased by 0.4% during Quarter 4 2016 and by 1.3% during 2016.

More in this category: « Spanish Unemployment Rate fell to 18.6% Unemployment Claims increased to 259,000 »

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