GDP downgraded to 0.6% drop in Q4 2010

The drop in growth in Q4 2010 has been downgraded from a fall of 0.5% to 0.6%, data from the Office of National Statistics shows.

GDP in the fourth quarter of 2010 is now 1.5 per cent higher than the fourth quarter of 2009.

Output of the production industries was revised down from 0.9% to 0.7% growth in the latest quarter.

Within production, manufacturing output increased by 1.1% and utilities output grew by 4.6% whilst mining and quarrying output fell by 4.5%.

Construction output fell by 2.5%, revised up from a fall of 3.3% in the previous estimate.