The preliminary estimate for GDP published by the ONS show that the economy grew by 0.5% in the 1st quarter of the year. It is also estimated that GDP has returned to the level of the 3rd quarter of 2010 after the abnormal weather conditions took 0.5% from GDP in the 4th quarter.
Agriculture grew by 0.6% over the quarter and 1% over the year. Construction output decreased by 4.7% on the previous quarter but grew by 6% on the year while production grew by 0.4% and services grew by 0.9% on the quarter and 0.3% and 0.8% respectively over the year. Compared with GDP in Q1 2010 GDP in 2011 grew by 1.8%.
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