UK GDP Second Estimate Unrevised From Previous Reading In January; Expected To Have Grown By 0.7% In Q4 2013

 @arjunkashyapa.kashyap@ibtimes.com on February 26 2014 4:47 AM
Bank of England
Commuters cycle past the Bank of England (C) in the City of London, on Aug.7, 2013. Reuters/Toby Melville

The UK’s gross domestic product, or GDP, was estimated to have grown by 0.7 percent in the fourth quarter of 2013 over the previous quarter, data from the Office for National Statistics showed Wednesday.

The latest estimate was in line with the preliminary GDP estimate released on Jan. 28. GDP growth comparison between the final quarters of 2013 and 2012 was also revised down by 0.1 percentage point to 2.7 percent, according to ONS data.

In all of 2013, GDP is estimated to have grown by 1.8 percent compared with the previous year, revised down 0.1 percentage points from the previously estimated 1.9 percent increase.

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