A sliver of hope: UK economy grew in 2012

Posted on 27 Feb 2013

The UK economy grew by 0.3% in 2013, revised upwards from previous data that registered no growth.

It confirmed earlier figures that showed a 0.3% decline in the economy during the last three months of 2012, but altered the contributions from each sector.

Manufacturing output fell by 1.3% in the fourth quarter, rather than the previously estimated decrease of 1.5%.

Output of the service industries fell by 0.1% when it was previously estimated to be unchanged. Output of the construction industry rose by 0.9%, revised up from the previously estimated 0.3% increase.