UK Q1 GDP unrevised at 0.3% quarter-on-quarter

FXStreet (Mumbai) – The second estimate released by the UK Office for National Statistics (ONS) on Thursday showed the GDP in first quarter stands unrevised at 0.3% quarter-on-quarter (q/q), compared to the expectation of an upward revision to 0.4%.

As per the ONS, GDP was estimated to have increased by 2.8% in 2014, compared with 2013, unrevised from the previous estimate. Between Q 1 2014 and Q 1 2015, GDP in volume terms increased by 2.4%, unrevised from the previous estimate.

UK Exports fell 0.3% q/q, while Imports rose 2.3% q/q. Meanwhile, the Index of Services is estimated to have increased by 2.8% in March 2015 compared with March 2014. The Index of Services increased by 0.4% in Q1 2015 compared with Q4 2014.

The second estimate released by the UK Office for National Statistics (ONS) on Thursday showed the GDP in first quarter stands unrevised at 0.3% quarter-on-quarter (q/q), compared to the expectation of an upward revision to 0.4%.

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