UK GDP Contracts 0.2% in Q4


UK GDP for the fourth quarter of 2011 dropped by 0.2%, a worse than expected figure that will heighten fears of a double-dip recession.

Output of the production industries decreased by 1.2 per cent in Q4 2011, compared with an increase of 0.2 per cent in the previous quarter.

Construction sector output decreased by 0.5 per cent in Q4 2011, compared with an increase of 0.3 per cent in the previous quarter.

Output of the service industries was unchanged in Q4 2011, following a rise of 0.7 per cent in the previous quarter.

GDP in volume terms increased by 0.8 per cent in Q4 2011 compared with Q4 2010.


TradingEconomics.com, ONS
1/25/2012 5:05:00 PM