Tuesday, January 26, 2010

Preliminary assessment of UK GDP for the 4 quarter below forecasts

According to preliminary data from the National Statistical Office, UK GDP rose by 0.1% in the fourth quarter of 2009 compared to a decrease of 0,2% in the previous quarter. The level was below the forecast, because it was expected that GDP will grow by 0,4%.

On an annual basis has declined by 3,2% in the previous value of -5.1% and -3.0% forecast.

The volume of production increased by 0,1% in the fourth quarter compared with the fall of 0,9% in the third quarter. The volume of services increased by 0,1% during the reporting quarter, after declining by 0,2% in the previous quarter.

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