The preliminary estimate for GDP in Q4 2016 was for GDP to rise 0.6 per cent on the previous quarter. Overall, GDP was up 2.0 per cent for 2016, down marginally on 2.2 per cent in 2015. The services component provided the most support and in Q4 rose by 0.8 per cent on the previous quarter — putting growth at 2.8 per cent for 2016 as a whole. Inflation rose sharply in December, up 1.6 per cent on a year earlier — the highest inflation rate since July 2014 and markedly above the consensus view of a 1.4 per cent rise.
UK Executive Report
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Executive Report - January 2017
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