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UK GDP expands as estimated in Q1

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Staff Writer | June 30, 2017
The UK economy expanded as estimated in the first quarter, third estimate from the Office for National Statistics showed Friday.
Office for National Statistics
Britain   The Office for National Statistics:
Gross domestic product climbed 0.2% sequentially in the first quarter, unrevised from the previous estimate published on May 25.

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.


 

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