British GDP Growth Estimates Doubled

02 October 2003

Britain's economy looks in better shape than previously thought, after second-quarter growth estimates were doubled.

According to the Office for National Statistics, British GDP rose 0.6% in Q2, twice the previous estimate of 0.3%. This translates into year-on-year growth of 2%, up from 1.8%.

The chief reason for the revision was higher-than-anticipated construction output.

Data sourced from: The Wall Street Journal Online; additional content by WARC staff