FXstreet.com (Barcelona) - British Gross Domestic Product has grown larger than previously estimated in the third quarter, although household's disposable income growth was lower than expected, according to data by National Statistics.
GDP has increased 3.3% in the third quarter from the same period last year, slightly above the 3.2% previous estimation. Quarter on quarter, GDP increased 0.7&%, unchanged from the previous estimate.
Households saving percentage, however, has dropped considerably on the quarter, to 3.4% from 4.0% in the previous quarter, while households final expenditure rose 1.1% on the quarter and 3.6% on the year., upwardly revised from the 1.0% quarterly increase and the 3.5% yearly rise previously estimated.
Gross disposable incomes have slumped to a 0.8% increase in the third quarter, from the 2.4% rise posted in the April - June period.