Friday, June 5, 2009

UK economy shrinking faster than originally thought

The ONS revised estimates for q1 construction activity. The new number suggests that construction output fell by 9 percent rather than 2.4 percent, which was the initial estimate.

This points to a faster decline in first quarter GDP growth than originally thought.

2 comments:

  1. A GDP revision coming up?

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  2. This story was buried by the antics in Westminster. A sad sign of the times.

    ReplyDelete