Investment News UK Economic Growth In Third Quarter Unrevised

24 November 2010 / by Paul Dicken

UK economic growth was 0.8 per cent in the third quarter of 2010, as further data left previous estimates unchanged.

Figures published by the Office for National Statistics on 24 November showed the gross domestic product (GDP) at the end of September 2010 was 2.8 per cent higher than the same time in 2009.

Within the production industries remained unrevised at 0.6 per cent, with the 4.0 per cent rise in construction unrevised from the previous release.

The trade deficit in the third quarter of 2010 decreased to £9.7billion following a rise in exports of 2.2 per cent and smaller rise in imports at 0.7 per cent.

The Index of Services for September, also published on 24 November, showed an increase in output across the service industries compared to the September 2009.

The 2.5 per cent increase was across all five components of the index, with the largest contribution from business services and finance.

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Written by Editorial Team