UK GDP fall less severe than thought

1 September 2009

The UK’s contracted by 0.7% between April and June, slightly less than the previous estimate of 0.8%.

This means that the actual level of GDP is 5.5% lower than the same time last year.

Construction output is estimated to have fallen by 2.2% while household spending fell by 0.7%.

The level of UK’s output has been revised up thanks to revisions in the production and manufacturing industries.

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