UK GDP expands as estimated in Q1Staff Writer | June 30, 2017
The UK economy expanded as estimated in the first quarter, third estimate from the Office for National Statistics showed Friday.
Britain The Office for National Statistics:
However, growth eased notably from 0.7% in the fourth quarter.
Year-on-year, GDP grew 2%, in line with the previous estimate.
Another data from ONS showed that the current account deficit widened to GBP16.9 billion from GBP12.1 billion in the fourth quarter, predominantly to a widening in the deficit on trade.
Business investment grew 0.6% sequentially to GBP43.7 billion in the first quarter, unchanged from the provisional estimate.
Services output increased 0.2% in April from March, the statistical ofice said in a separate communique.
In three months to April, services output climbed 0.2% compared with the previous three months ending January. ■