Second estimate of UK GDP revised to 0.3%

The UK GDP rose by 0.3% in the first quarter, taking the growth of the economy for nine consecutive quarters now. Bloomberg mentioned this is the longest stretch of growth since the 07/08 financial crisis. 

The main points of the GDP report are:

• UK GDP in volume terms was estimated to have increased by 0.3% between Quarter 4 (Oct to Dec) 2014 and Quarter 1 (Jan to Mar) 2015, unrevised from the previous estimate of GDP published 28 April 2015.
• GDP was estimated to have increased by 2.8% in 2014, compared with 2013, unrevised from the previously published estimate.
• Between Quarter 1 2014 and Quarter 1 2015, GDP in volume terms increased by 2.4%, unrevised from the previously published estimate.
• GDP in current prices was estimated to have increased by 0.9% between Quarter 4 2014 and Quarter 1 2015.
• GDP per head was estimated to have increased by 0.1% between Quarter 4 2014 and Quarter 1 2015. Between 2013 and 2014, GDP per head increased by 2.2%.

The full report can be found here.