British Economy Advances 2.1% YoY in Q4


The British economy expanded 2.1 percent year-on-year in the last three months of 2015, higher than preliminary estimates of 1.9 percent and slightly below an upwardly revised 2.2 percent gain in the third quarter of the year. Exports and consumption of non-profit institutions increased more than anticipated, offsetting lower growth rates for household spending and investment.

Household spending expanded 2.7 percent (3.1 percent in the second estimate), government expenditure advanced 2.2 percent (2.5 percent in the second estimate) and non-profit institutions serving households’ consumption went up 3.6 percent (3.2 percent in the second estimate). Gross fixed capital formation grew 2.1 percent (2.7 percent in the second estimate) and business investment jumped 3 percent. Exports increased 2.2 percent (2.1 percent in the second estimate) and imports rose at a faster 4.7 percent (4.8 percent in the second estimate). 

On a quarter-on-quarter basis, the economy expanded 0.6 percent, up from a 0.5 percent increased earlier reported. 

Considering full 2015, the GDP advanced 2.3 percent, up from 2.2 percent in the previous released and lower than 2.9 percent in 2014.

British Economy Advances 2.1% YoY in Q4


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2016 10:25:44 AM