U.K. Economy Contracts 0.2% in Q1


U.K. Gross Domestic Product (GDP) decreased by 0.2 per cent in the first quarter of 2012, driven by weakness in the construction sector and the production sector.

Output of the production industries decreased by 0.4 per cent in Q1 2012, following a decrease of 1.3 per cent in the previous quarter.

Construction sector output decreased by 3.0 per cent in Q1 2012, following a decrease of 0.2 per cent in the previous quarter.

Output of the service industries increased by 0.1 per cent in Q1 2012, following a decrease of 0.1 per cent in the previous quarter.

GDP in volume terms is flat in Q1 2012, when compared with Q1 2011.


TradingEconomics.com, UK Office for National Statistics
5/7/2012 4:50:36 PM