• UK GDP rose 0.4% in Q4, as expected

Market news

29 March 2018

UK GDP rose 0.4% in Q4, as expected

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017, unrevised from the second estimate of GDP.

Growth in the latest quarter was driven by professional, scientific, administration and support activities within the services sector.

GDP was estimated to have increased by 1.8% between 2016 and 2017, an upward revision of 0.1 percentage points from the second estimate; this was slightly lower than the 1.9% growth seen between 2015 and 2016.

Household spending grew by 1.7% between 2016 and 2017, its slowest rate of annual growth since 2011, in part reflecting the increased prices faced by consumers.

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