UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.7% between Quarter 3 (July to Sept) 2016 and Quarter 4 (Oct to Dec) 2016, unrevised from the second estimate of GDP published on 22 February 2017; more generally, the latest GDP data for 2016 are little changed from the second estimate of GDP.

UK GDP growth in Quarter 4 2016 saw a continuation of strong consumer spending and strong output in consumer-focused industries; there has been a slowdown within business investment which fell by 0.9% driven by falls within the other buildings and structures and transport equipment assets, although this is a slightly improved picture from the second estimate of GDP, being revised up by 0.1 percentage points.