UK GDP Annual Growth Revised Down to 2.1%


The British economy advanced 2.1 percent year-on-year in the three months to September of 2015, lower than a 2.3 percent gain initially reported and lower than a downwardly revised 2.3 percent increase in the previous period. The final release from the ONS confirmed the economy posted the worst performance since the third quarter of 2013.

Household expenditure increased 3 percent (3.1 percent in earlier estimates); spending from Non-profit institutions serving households’ edged up 0.4 percent (1.3 percent in earlier estimates); gross fixed capital formation rose 3.4 percent, the same as in the previous figures and government spending went up 1.8 percent. Exports went up 6.3 percent (5.5 percent in earlier estimates) while imports also increased 6.3 percent (6.1 percent in earlier estimates).

On a seasonally adjusted basis, the economy expanded 0.4 percent, slowing from a 0.5 percent gain in the previous period. 

UK GDP Annual Growth Revised Down to 2.1%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
12/23/2015 10:26:10 AM