The second estimate of GDP for Q1 2017 showed a 0.2 per cent rise compared with the previous quarter, a 0.1 percentage point downward revision from the first estimate - below City and Bank of England expectations. The second estimate is compiled with approximately 80 per cent of the data available and therefore could be subject to further revisions next month. The reduction was mainly driven by downward revisions in the services sector, which contributed 0.06 percentage points of the 0.1 percentage point reduction. This is the 17th consecutive quarterly increase and continued a period of steady growth since 2013, albeit at a slowing pace.
UK Executive Report
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Executive Report - May 2017
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