The preliminary estimate of United Kingdom’s GDP
probably showed that economy expanded at a rate of 2.8% during the
fourth quarter of 2014 compared to the same period a year ago. If so,
this would be the lowest annual rate of growth since Q3 2013, when the GDP
expanded at a pace of 1.9%. UK economy grew at an annualized rate of
2.6% in the third quarter of 2014, according to final data. The latter
was a revised down estimate from 3.0% (the 2nd GDP estimate), as business investment was lower and imports rose.
Business investment expanded 5.2% in Q3, down from a rate of 6.2%, as reported previously. Gross fixed capital formation rose 6.4% in Q3, slowing down from a 7.1% increase, as initially estimated. At the same time, the nation’s exports shrank 0.9% (up from -1.0% previously), while imports fell at an annualized rate of 1.4% (up from -2.4% previously), according to data by the Office for National Statistics. Household consumption increased at a final rate of 2.5% year-on-year in Q3, up from a 2.4% pace, as reported previously.
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Business investment expanded 5.2% in Q3, down from a rate of 6.2%, as reported previously. Gross fixed capital formation rose 6.4% in Q3, slowing down from a 7.1% increase, as initially estimated. At the same time, the nation’s exports shrank 0.9% (up from -1.0% previously), while imports fell at an annualized rate of 1.4% (up from -2.4% previously), according to data by the Office for National Statistics. Household consumption increased at a final rate of 2.5% year-on-year in Q3, up from a 2.4% pace, as reported previously.
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