UK GDP Revised Up in Q2


UK gross domestic product (GDP) in volume terms decreased by 0.5 per cent in the second quarter of 2012, revised from the previously estimated 0.7 per cent decline.

Output of the production industries fell by 0.9 per cent, within which manufacturing output also fell by 0.9 per cent. Output of the services industries fell by 0.1 per cent, while output of the construction industry fell by 3.9 per cent. Household final consumption expenditure decreased by 0.4 per cent in volume terms in the latest quarter. In current price terms, compensation of employees rose by 1.8 per cent in the second quarter of 2012.

TradingEconomics.com, UK Statistics
8/24/2012 10:25:07 AM