UK economy grew by 0.2pc in 2012

Robyn Hall

February 27, 2013

However the figure for the last three months of the year was left unchanged.

The improvements come from revisions to Q1 which was lifted from a 0.2% to a 0.1% contraction and an increase in Q3 growth from 0.9% to 1.0%.

Q4 results found that business services & finance industries output rose by 0.2% and construction output increased by 0.9%. For the year 2012 construction output fell by 8.2%.

The revisions come a week after the credit rating agency Moody’s f the UK economy over fears that growth would “remain sluggish over the next few years.”

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