Slightly less of a decrease in GDP

Quarterly National Accounts, Q2 2012: ONS

  • UK gross domestic product (GDP) in volume terms decreased by 0.4 per cent between the first and second quarter of 2012, revised from a previously estimated decline of 0.5 per cent
  • Household final consumption expenditure decreased by 0.2 per cent in volume terms in the latest quarter, revised up from a previously estimated decline of 0.4 per cent

Second Estimate of GDP Q4 2011

Second Estimate of GDP Q4 2011

  • UK gross domestic product (GDP) in volume terms decreased by 0.2 per cent in the fourth quarter of 2011
  • Output of the production industries fell by 1.4 per cent, within which manufacturing fell by 0.8 per cent
  • Output of the service industries was unchanged, while output of the construction industry fell by 0.5 per cent
  • Household final consumption expenditure increased by 0.5 per cent in volume terms in the latest quarter

GDP and the Labour Market – 2011 Q4 – February GDP update