Wednesday, March 28, 2007

Forex News: 28.03.2007 GDP in Great Britain +0.7% in the forth quarter

According to final estimates, GDP in Great Britain grew by 0.7% in the forth quarter and 3.0% in a year, the Office of National Statistics reported today.

Earlier estimates were 0.8% and 3.0% in a quarter and year respectively. The analysts expected that final estimates of GDP for the forth quarter would be equal to adjusted (0.8% and 3.0). Over the year 2006 GDP grew by 2.8%. Earlier reported data was 2.7% growth.

The growth of GDP in the forth quarter reflected economic rise in all sectors excluding production industry. Production industry output fell by 0.2% in a quarter. Gross fixed capital formation grew by 2.6 percent in the fourth quarter, driven by strong business investment.


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