UK GDP up by 0.4% in Q3

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Thursday, Nov 23 2017

UK GDP up by 0.4% in Q3

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 2 (Apr to June) and Quarter 3 (July to Sept) 2017, unrevised from the preliminary estimate of GDP. Services remained the strongest contributor to GDP growth in Quarter 3 2017, with the components of the output approach broadly unrevised from the preliminary estimate.

The rate of growth in household final consumption expenditure strengthened to 0.6% between Quarter 2 and Quarter 3 2017, with car purchases recovering somewhat from a low Quarter 2. Business investment growth softened to 0.2% between Quarter 2 and Quarter 3 2017. GDP per head was estimated to have increased by 0.3% between Quarter 2 and Quarter 3 2017.

More in this category: « German Manufacturing PMI at 81-month high CBI Realized Sales survey showed balance of +26% »

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