UK GDP up 0.7% in Q4
The
UK National Statistics Office disclosed that the country's GDP (Gross Domestic Product) grew 0.7% in the final quarter of 2004, thanks in part to a 0.9% rise in the service sector.
The country's GDP had grown 0.6% growth in the previous quarter.
Growth in the
production industries dropped 0.1% in the fourth quarter, as a rise of 0.3% in
manufacturing output was offset by a fall of 2.8% in energy sector.
Construction output rose 1.2% in the final quarter of 2004.
Due to a slowdown in expenditures on durable goods, household expenditures rose only 0.2% in the fourth quarter, following 0.7% growth in the third quarter.