Alessandro #IoMiVaccino 🇮🇹🇪🇺🇺🇸🇮🇱 · @pelias01
27th Oct 2016 from TwitLonger
UK DATA: Q3 GDP up 0.5% q/q; up 2.3% y/y -UK Q3 Services output up 0.8% q/q; up 3.0% y/y
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UK GDP growth slipped in Q3, but far exceeded the expectations of both private forecasters and the Bank of England. The Q3 outturn was explained by strong service sector performance which offset declines in the other industrial groups. On the quarter, output in the construction sector was down 1.4%, production down 0.4% within which manufacturing output was down 1.0%. The service sector accounted for 0.6 percentage points of quarterly growth and 2.4pp of annual growth. Production and construction each contributed -0.1pp to quarterly growth and 0.2pp and 0.0pp to annual growth respectively.