Highlights

Gross Domestic Product: chained volume measures: Seasonally adjusted £m

Chained Volume Measures (CVM)

£ 471,524 m

2017 Q1

Release date:
30 June 2017

Next release:
26 July 2017
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Second estimate of GDP: Jan to Mar 2017

What's in the bulletin?

  • UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.2% between Quarter 4 (Oct to Dec) 2016 and Quarter 1 (Jan to Mar) 2017.
  • UK GDP growth in Quarter 1 2017 has been revised down by 0.1 percentage points from the preliminary estimate published on 28 April 2017; mainly due to broad-based downward revisions within the services sector.
  • UK GDP growth slowed to 0.2% in Quarter 1 2017 as consumer facing industries such as retail and accommodation fell and household spending slowed. This was partly due to rising prices. Construction and manufacturing also showed little growth, while business services & finance continued to grow strongly.
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