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Britain's GDP estimate unchanged

Feb. 26, 2014 at 7:11 AM   |   Comments

LONDON, Feb. 26 (UPI) -- Britain's gross domestic product rose 0.7 percent in the fourth quarter, the country's data office said Wednesday, leaving a previous estimate unchanged.

The GDP is estimated at this point, in the second of three estimates, to have grown 1.8 percent in 2013 compared with 2012, a revision that is 0.1 percentage points lower than the first estimate for the year.

From the fourth quarter of 2012 to the same quarter of 2013, economic output by volume rose 2.7 percent, a revision one tick lower than the previous estimate. In terms of prices, output for the fourth quarter rose 1.9 percent over the third quarter of 2013.

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