• U.K. gross domestic product (GDP) climbs 0.4% in the first quarter

Noticias del mercado

27 abril 2016

U.K. gross domestic product (GDP) climbs 0.4% in the first quarter

The Office for National Statistics released its U.K. GDP data on Wednesday. The preliminary U.K. gross domestic product (GDP) climbed 0.4% in the first quarter, in line with expectations, after a 0.6% rise in the third quarter.

The growth was mainly driven by a strong output in the services sector, which climbed 0.6% in the first quarter.

Construction fell 0.9% in the first quarter, production declined 0.4%, while agriculture decreased 0.1%.

On a yearly basis, the preliminary U.K. GDP increased 2.1% in the first quarter, beating forecasts of a 2.0% rise, after a 2.1% gain in the fourth quarter.

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