facebook
twitter
rss
account
search
search
 

Great Britain confirms GDP growth

May 23, 2013 at 9:15 AM   |   Comments

LONDON, May 23 (UPI) -- Britain's Office of National Statistics said the country's economy rose 0.3 percent in the first quarter of the year, leaving a previous estimate unchanged.

The growth over the fourth quarter of 2012 was in line with expectations and follows a quarter-to-quarter decline of 0.3 percent in the previous reporting period.

The gross domestic product, the broadest measure of an economy's value, rose 0.4 percent compared to the first quarter a year earlier, the statistics agency said.

The ONS said positive contributions came from changes in business inventories and consumer spending, which increased by 0.1 percent.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Rheinmetall, KBR in joint venture bid for British defense entity
2
Starbucks testing smaller Frappuccinos Starbucks testing smaller Frappuccinos
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
5
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
Trending News
Video
x
Feedback