Q4 GDP growth revised up to 0.7%: ONS
UK GDP growth increased by 0.7% in the final quarter of 2016 according to updated estimates from the ONS, up from the 0.6% recorded in the preliminary estimates last month.
The ONS says upward revisions within the manufacturing industries is the main reason for the increase.
GDP growth in Q4 also saw a continuation of strong consumer spending and strong growth in the output of the services sector with a notable contribution in consumer-focused industries.
GDP in current prices increased by 1.4% between Quarter 3 2016 and Quarter 4 2016.
However total growth during 2016 has been revised down by 0.2% to 2.0%.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%
