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More on U.K. GDP: output of production industries +1.1% Q/Q vs -0.5% in Q2, construction -2.5%...

More on U.K. GDP: output of production industries +1.1% Q/Q vs -0.5% in Q2, construction -2.5% vs -3%, services +1.3% vs -0.1. Q3 GDP boosted by Olympics and loss of workday in Q2 due to Queen's jubilee celebrations, so Q4 figures may give better idea of U.K.'s economic health, says RLAM economist Ian Kernohan. Pound spikes vs the dollar is now +0.5%.
Comments (1)
  • wenlock00
    , contributor
    Comments (55) | Send Message
     
    Excluding one-time factors (Olympics, Holidays etc) people are suggesting growth of 02-03%.Factory orders are currently falling. In the light of today’s figures a poll was run in the Guardian Newspaper asking if people felt better off, 82% had voted NO. Q4 figures will be interesting, though one can certainly expect the figure to be lower. Austerity continues both in the UK and the major trading partner EU, so it could still be a story of contraction rather than expansion.
    25 Oct 2012, 05:32 AM Reply Like
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