GDP rose by 0.4 per cent in Q4 2017 from the previous quarter, unchanged from the second estimate and in line with the consensus view.Growth in Q4 was driven by services which grew 0.4 per cent, revised down 0.2 percentage points from the second estimate. Transport, Storage and Communications was the largest contributor to growth (+1.1 per cent), with two of the three remaining sectors within services also experiencing growth. Distribution, Hotels and Restaurants decreased 0.1 per cent. Consumer spending rose 0.3 per cent in Q4 2017 — unchanged from the previous two quarters. On an annual basis, consumer spending rose 1.2 per cent compared with the same quarter in 2016 — the slowest rate since Q1 2012.
UK Executive Report
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UK Executive Report - March 2018
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