UK Q3 Final GDP Growth at 0.8% QoQ


In the third quarter of 2013, the final reading for the UK quarter-on-quarter GDP growth was confirmed at 0.8 percent. Second quarter growth was revised up to 0.8 percent and the third quarter annual rate was also revised upwards, from 1.5 percent to 1.9 percent.

The 0.8 percent increase in output between Q2 2013 and Q3 2013 was broadly based, with all three major industry groups – services, production and construction - making positive contributions.

Output of the agriculture, forestry and fishing industries fell by 3.2 percent in Q3 2013, revised down from the previously estimated 1.4 percent decrease. This follows an increase of 1.9 percent in Q2 2013.

Total production output grew by 0.6 percent in Q3 2013 compared with Q2 2013. Electricity, gas, steam and air production was the only industry to decrease in this period, falling by 5.9 percent. Manufacturing output increased by 0.8 percent between Q2 2013 and Q3 2013 revised down 0.1 percentage points from the previous estimate. Between Q1 2013 and Q2 2013 manufacturing output also rose by 0.8 percent.

Construction output rose by 2.6 percent in Q3 2013, revised up from the previously estimated 1.7percent increase and follows another 2.6 percent increase in the previous quarter. 

The service industries grew by 0.8 percent in Q3 2013, revised up from the previously estimated 0.7 percent increase and following an increase of 0.6 percent in Q2 2013. Transport, storage and communications was the only services industry to see output fall over the quarter, by 0.2 percent. 


UK Q3 Final GDP Growth at 0.8% QoQ


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
12/20/2013 10:34:38 AM