UK Q4 GDP Growth Rises More Than Initial Estimate
- by Deborah Evans
- in Money
- — Feb 23, 2017
Previously the Office for National Statistics had estimated growth of 0.6 per cent for the three months, but today it said the economy had expanded at a rate of 0.7 per cent.
In the final three months of 2016, investment dropped by £400m which is a fall of almost 1 per cent compared to the same quarter in 2015.
The new incline is thought to be because the manufacturing industry has done better than what was thought.
Gross domestic product rose by 0.7 percent in the fourth quarter, faster than the preliminary reading of 0.6 percent thanks to manufacturing and the strongest growth since the fourth quarter of 2015.
But he will keep a close eye on warning signs in Wednesday's data.
While the figures were boosted by a rebound in trade, business investment fell and slowing household spending growth raised questions about the outlook for 2017.
Dolphins trade talks for TE Thomas break down
The Jags would save only $1.7 million against the cap by cutting Thomas , so a trade does make slightly more sense for them. Jaguars fans should expect further draft investment along the line as no one should expect Albert to play an entire season.
Shilen Shah, bond strategist at Investec Wealth & Investment, said: "Somewhat disappointingly business investment fell on the quarter, with hints that Brexit uncertainty is hitting business confidence".
Today' second release of Q4 2016 GDP is a confirmation that strong consumer spending supported output at the end of the year.
Britain's economy has grown more strongly than expected since the country voted last June to exit the European Union.
Ross Walker, chief economist at RBS said: "The bigger challenges are now upon us with inflation rising but the economy is approaching this in more resilient shape than we expected in the middle of previous year after the Referendum".
British firms' capital spending decreased by 1.0% in the October-December period compared with the preceding quarter, the ONS said, suggesting that Brexit jitters may be holding some businesses back.
Mr Hawksworth expected a slowdown in United Kingdom growth this year, predicting a fall to around 1.5 per cent as higher inflation bites into consumer spending power.
