facebook
twitter
rss
account
search
search
 

Britain's GDP rose modestly in fourth quarter

Jan. 28, 2014 at 9:37 AM   |   Comments

LONDON, Jan. 28 (UPI) -- Britain's gross domestic product rose 0.7 percent in the fourth quarter in 2013 with the largest gain coming from the country's service-oriented businesses.

The construction sector contracted 0.3 percent in the October through December period and agriculture was up 0.5 percent. Manufacturing output expanded 0.7 percent in the fourth quarter, the Office of National Statistics said Tuesday.

Economic expansion in Britain has been steady and slow throughout 2013, rising under 1 percent for the year, but steering clear of negative numbers for all four quarters.

In the third quarter, Britain's GDP grew 0.8 percent.

Compared to the fourth quarter year earlier, Britain's total economic output rose 2.8 percent, ONS said.

© 2014 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
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
2
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
3
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
4
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
5
Purpose-built engine for ScanEagle UAV delivered to Insitu Inc. Purpose-built engine for ScanEagle UAV delivered to Insitu Inc.
Trending News
Video
x
Feedback