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Economy And The Numbers

UK GDP Expands 0.1% In Q4

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

The UK economy expanded at a steady pace in the fourth quarter, as initially estimated, final data from the Office for National Statistics showed Tuesday.

Gross domestic product grew 0.1 percent from the prior quarter, which was unrevised from the previous estimate and followed similar growth in the third quarter.

The quarterly growth was driven by the 1.2 percent increase in production. Meanwhile, construction output contracted 2.0 percent and services output remained flat.

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