The U.K. economy expanded 0.6 percent in three months to December, according to a monthly report released by the National Institute of Economic and Social Research.
It was followed by a 0.6 percent growth in three months to November. The quarterly growth implies that the economy expanded 2.2 percent in 2015.
Although this was a moderation compared to the 2.9 percent growth in 2014, it remains consistent with the economy growing at close to its long-run potential rate, the think tank noted.
Jack Meaning, NIESR Research Fellow, said the overall slowdown was largely caused by a sharp moderation in construction sector growth and public spending. The year looks to have ended with reasonable growth, close to the economy's long-run potential.
"There is little spare capacity in the economy, and we expect the output gap to continue to close in 2016," Meaning added.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.