Economic Indicators, March 2012
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
Economic situation
Briefing
The second release of GDP data for Q4 2011 left unchanged the initial estimate of a 0.2% contraction in the economy compared with the previous quarter. Contributing to the decline were sharp falls in investment and in inventories held by companies. On a more positive note, consumer spending rose for the first time since Q2 2010, while there was also a strong rise in exports. Indicators point to a return to growth in Q1 2012.
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