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Michael Gove: 'progressive' teaching undermines social mobility - Thu, 24 May 2012 15:31:13 GMT
Gove: 'progressive' teaching undermines social mobility - Thu, 24 May 2012 15:31:13 GMT
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UK first-quarter growth revised down - Thu, 24 May 2012 09:15:40 GMT

UK first-quarter growth revised down - Thu, 24 May 2012 11:45:12 GMT
Eurozone economy contracts sharply - Thu, 24 May 2012 09:15:40 GMT
India warns EU over airline carbon tax - Thu, 24 May 2012 16:06:57 GMT
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BBC News - Business - Thu, 24 May 2012 10:04:29 GMT

BBC News - Business - Thu, 24 May 2012 10:29:35 GMT
Economy shrank more than thought - Thu, 24 May 2012 10:04:29 GMT
Eurozone downturn 'accelerating' - Thu, 24 May 2012 14:11:02 GMT
Free banking 'a dangerous myth' - Thu, 24 May 2012 14:05:15 GMT
US factory activity slows in May - Thu, 24 May 2012 11:08:21 GMT
Supermarkets 'misled on pricing' - Thu, 24 May 2012 11:11:16 GMT
Dairy Crest swings to £10m loss - Thu, 24 May 2012 15:15:50 GMT
 
 

UK GDP grows by 0.5pc in Q3

The UK economy grew by 0.5% in the third quarter of 2011, revealed the Office for National Statistics.

Yuan Phoon, 1 November, 2011

Growth during the second quarter of 2011 was only 0.1% in comparison which the ONS attributed to a number of one-off factors such as the extra bank holiday for the royal wedding.

As a result, analysts said the third quarter figures should not be interpreted as a big economic rebound.

Amit Kara, analyst at UBS, said: “GDP was in line with our forecasts but it should be seen as a backwards looking indicator. The bounce back is due to a relatively weak holiday affected second quarter.”

The ONS said the riots in August did not have a noticeable effect on the overall GDP figure.


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