Thursday, November 24, 2011
GDP rise confirmed at 0.5%
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

GDP rose by 0.5% in the third quarter, according to the Office for National Statistics' second estimate. Preoduction, up 0.4% and the service sector, up 0.6%, drove growth. Both were a little weaker than in the first estimate but construction was revised higher. The interest, as always, is in the detail of these numbers. To take one, household spending was flat in the third quarter; less bad than recently. More here.