Highlights

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

Chained Volume Measures (CVM)

£ 492,674 m

2017 Q4

Release date:
22 February 2018

Next release:
29 March 2018
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Second estimate of GDP: October to December 2017

What's in the bulletin?

  • UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017; this is a 0.1 percentage points revision down from the preliminary estimate of GDP, in part reflecting a small downward revision to the estimated output of the production industries.
  • Growth in the latest quarter was driven by business services and finance within the services sector, there was, though, a small downward revision to services since the preliminary estimate of GDP, but this does not impact on services quarterly growth to one decimal place.
  • Business investment growth was flat between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017, but when compared with the same quarter a year ago business investment grew by 2.1%.
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