UK GDP BEATS

The Office for National Statistics just released its final estimate of UK GDP for the fourth quarter.

Here’s how it breaks down:

  • Overall GDP rose by 0.6% from the third quarter to the fourth.
  • And it’s up 3% in comparison to the fourth quarter in 2013.
  • Business investment increased by 3.7% after a big miss on expectations in the third quarter.
  • The “index of services” — effectively the output of Britain’s dominant services sector, rose by 0.8% quarter on quarter

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