Tuesday, 2 March 2010

GDP Revised To 0.3%

The GDP growth rate for Q4 2009 has been revised upward from the preliminary estimate of 0.1% made last month to 0.3%. The change came from stronger data from December.

The production industries output increased by 0.4% and manufacturing within that sector rose by 0.8%. The service industries out increased by 0.5%. GDP at current market prices grew by 1.1% according to the ONS UK output, income and expenditure accounts for Q4 2009. These are the statistics that will eventually go into the Quarterly National Accounts.

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