FOREX TradingCharts.com

Financial News: UK GDP Expands As Estimated In Q4

UK GDP Expands As Estimated In Q4

03/31/2017 - 05:11:00 (RTTNews)

(RTTNews) - The UK economy expanded as estimated in the fourth quarter, the third estimate from the Office for National Statistics showed Friday.

Gross domestic product climbed 0.7 percent sequentially, unrevised from the second estimate released on February 22. The third quarter growth was revised down by 0.1 percentage point to 0.5 percent.

Growth in the fourth quarter was broad-based but once again the services industries contributed by far the most to the headline growth rate, the ONS said.

On a yearly basis, GDP climbed 1.9 percent in the fourth quarter instead of 2 percent.

In 2016, the economy expanded 1.8 percent as previously estimated, versus 2.2 percent in 2015.

In three months to January, services output gained 0.6 percent from three months ended October, the ONS said in a separate communique. Services growth eased mainly due to a slowdown in the distribution, hotels and restaurant component. Services output edged down 0.1 percent in January from December.

Another report from ONS showed that the current account deficit was GBP 12.1 billion in the fourth quarter, a narrowing of GBP 13.6 billion from a revised deficit of GBP 25.7 billion a quarter ago, predominantly due to a sharp narrowing in the deficit on trade.

In the fourth quarter, business investment dropped 0.9 percent to GBP 43.5 billion, data from ONS showed today. Gross fixed capital formation increased by 0.1 percent to GBP 78.1 billion in the fourth quarter.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Finland PPI Climbs At Slower Rate In March (54 min(s), 56 sec(s) ago)
(RTTNews) - Finland's producer prices increased for the fifth successive month in March, thoug ...Full Story»

European Economics Preview: Germany Ifo Business Confidence Data Due (01 hr(s), 40 min(s), 56 sec(s) ago)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story»

Japan Supermarket Sales Fall In March (01 hr(s), 47 min(s), 56 sec(s) ago)
(RTTNews) - Japan's supermarket sales declined further in March from a year ago, a report from ...Full Story»

Singapore Inflation Steady At 0.7% In March (01 hr(s), 56 min(s), 56 sec(s) ago)
(RTTNews) - Singapore inflation remained stable in March, figures from the Ministry of Trade and I ...Full Story»

Japan Feb Leading Index Revised Up (02 hr(s), 04 min(s), 56 sec(s) ago)
(RTTNews) - Japan's leading index increased slightly in February instead of a decline reported ...Full Story»

Taiwan Jobless Rate Rises Slightly In March (33 min(s), 04 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate increased slightly in March after falling in the previo ...Full Story»

UK House Prices Rise 1.1% On Month In April - Rightmove (50 min(s), 04 sec(s) ago)
(RTTNews) - The average asking price for houses in the United Kingdom was up 1.1 percent on month ...Full Story»

Japan Leading Index On Tap For Monday (35 min(s), 04 sec(s) ago)
(RTTNews) - Japan will on Monday see final February figures for its leading and coincident indexes ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Finland PPI Climbs At Slower Rate In March

04/24/2017 - 02:31 AM (RTTNews)
(RTTNews) - Finland's producer prices increased for the fifth successive month in March, thoug ...Full Story>>

European Economics Preview: Germany Ifo Business Confidence Data Due

04/24/2017 - 01:45 AM (RTTNews)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story>>

Japan Supermarket Sales Fall In March

04/24/2017 - 01:38 AM (RTTNews)
(RTTNews) - Japan's supermarket sales declined further in March from a year ago, a report from ...Full Story>>

Singapore Inflation Steady At 0.7% In March

04/24/2017 - 01:29 AM (RTTNews)
(RTTNews) - Singapore inflation remained stable in March, figures from the Ministry of Trade and I ...Full Story>>

Japan Feb Leading Index Revised Up

04/24/2017 - 01:21 AM (RTTNews)
(RTTNews) - Japan's leading index increased slightly in February instead of a decline reported ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.