Final U.K. GDP grows at 0.5% in the fourth quarter

Market news

31 March 2016

Final U.K. GDP grows at 0.5% in the fourth quarter

The Office for National Statistics (ONS) released its final gross domestic product (GDP) data on Thursday. The final U.K. GDP expanded at 0.6% in the fourth quarter, up from the February estimate of 0.5%, after a 0.4% rise in the third quarter.

On a yearly basis, the revised U.K. GDP rose 2.1% in the fourth quarter, up from the February estimate of 1.9%, after a 2.1% gain in the third quarter.

The upward revision was driven by revisions in services, industrial output and construction.

In 2015 as whole, GDP expanded 2.3%, up from the previous estimate of 2.2%.

U.K. current account deficit widens to £37.2 billion in the fourth quarter

Number of mortgages approvals in the U.K. declines to 73,871 in February

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