UK economy in better shape in 2015

The economy grew more than previously thought in the first quarter of the year.

Gross domestic product (GDP) increased by 0.4% between the final quarter of 2014 and the first quarter of 2015. The Office for National Statistics has revised growth up by 0.1 percentage points from the previous estimate of GDP, published at the end of May.

GDP increased by 2.9% on the first quarter 2014, revised upwards from the previous estimate of 2.4%.

Finally, GDP was estimated to have increased by 3.0% in 2014, compared with 2013, revised up 0.2 percentage points from the previously published estimate.

www.ons.gov.uk/ons/dcp171778_408451.pdf