Final U.K. GDP grows at 0.4% in the first quarter

Noticias del mercado

30 junio 2015

Final U.K. GDP grows at 0.4% in the first quarter

The Office for National Statistics (ONS) released its final gross domestic product (GDP) data on Tuesday. The final U.K. GDP expanded at 0.4% in the first quarter, beating May's estimate of a 0.3% gain, after a 0.8% rise in the fourth quarter.

The upward revision was driven by methodological changes in construction.

On a yearly basis, the revised U.K. GDP rose 2.9% in the first quarter, eating May's estimate of a 2.4% increase, after a 3.4% gain in the fourth quarter.

The service sector climbed 0.4% in the first quarter, the construction sector dropped 0.2%, while the production sector was up 0.2%.

Eurozone's unemployment rate remains unchanged at 11.1% in May

U.K. current account deficit narrows to £26.5 billion in the first quarter

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