GDP – revised down

  • UK gross domestic product (GDP) in volume terms decreased by 0.3 per cent in the fourth quarter of 2011, revised from a decline of 0.2 per cent previously estimated. For the year 2011, GDP in volume terms increased by 0.7 per cent
  • Output of the production industries fell by 1.3 per cent, within which manufacturing fell by 0.7 per cent
  • Output of the service industries fell by 0.1 per cent, while output of the construction industry fell by 0.2 per cent
  • In current price terms, compensation of employees rose by 0.9 per cent in the fourth quarter of 2011

Quarterly National Accounts Q4 2011 – ONS

GDP and the Labour Market, 2011 Q4 – ONS

 

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