Year-end economic growth uprated


The latest Official for National Statistics estimate on the economy for the final quarter of 2015 shows it grew by more than previously thought.


UK gross domestic product (GDP) is now estimated to have increased by 0.6% between the third quarter and fourth quarter 2015. That’s an increase of 0.1 percentage points on the second estimate of GDP published on 25 February 2016.


The upwards revision for the final quarter of the year also impacted on the 2015 figures as a whole.


The annual increase in GDP was put at 2.3% for 2015 — a 0.1 percentage point increase on the previous estimate. However, annual growth was still lower than in 2014 when the increase was 2.9%.


www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/quarter4octtodec2015#main-points