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GDP Growth of UK |
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GDP Growth of UK |
GDP rose by 0.6 per cent in the fourth quarter of 2005, up from 0.4 per cent in the previous quarter. For the year 2005 as a whole GDP increased by 1.8 per cent over 2004.
Production fell by 0.6 per cent. A 0.8 per cent fall in manufacturing was partly offset by a 1.3 per cent rise in mining and quarrying.
Services grew by 0.9 per cent compared with 0.7 per cent in the previous quarter.
Distribution, hotels and restaurants grew by 1.2 per cent up from 0.2 per cent in the third quarter. Retail, wholesale and hotels and restaurants contributed to the stronger growth in the fourth quarter.
Transport, storage and communication grew by 1.1 per cent, compared with 0.7 per cent in the third quarter. There was growth across the transport industries and in post and telecommunications.
Business services and finance rose by 1.1 per cent, compared with 0.8 per cent in the third quarter. There was increased output from business services and banking.
Government and other services rose by 0.5 per cent, compared with 0.8 per cent in the third quarter. The weaker growth in quarter four was due to recreation.
Public administration, education and health increased broadly in line with the previous quarter.
Construction rose by 0.3 per cent, compared with 0.5 per cent in the third quarter. |
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GDP Growth of UK |
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