Wednesday, January 24, 2007

Forex News: 24.01.2007 UK GDP increased 0.8% in the fourth quarter

British Gross Domestic Product has increased by 0.8% in the last quarter of last year and by 3.0% from the 2005.

The figures, which came out in line with the market expectations, have been the strongest in more than a year. The 0.8% quarterly growth has been the strongest since the 0.9 recorded in the second quarter of 2004 and the 3.0% yearly increase is the largest seen since the 3.1% recorded in the third quarter of 2004.

The growth has to do with the services sector, more specifically with wholesaling, retailing and transport support; services sector has grown 1.0% in the fourth quarter. Industrial production has fallen 0.2% in the 4Q.


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