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- UK gross domestic product rose more than expected in Q4
UK gross domestic product rose more than expected in Q4
UK gross domestic product (GDP) was estimated to have increased by 0.5% in Quarter 4 (Oct to Dec) 2017, compared with 0.4% in Quarter 3 (July to Sept) 2017.
The dominant services sector, driven by business services and finance, increased by 0.6% compared with the previous quarter, although the longer-term trend continues to show a weakening in services growth.
Production industries grew by 0.6%, boosted by the second consecutive quarter of strong growth in manufacturing.
Growth in manufacturing was partially offset in total production by a significant fall in oil and gas extraction, caused by the well-publicised repair work made to the Forties pipeline.
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