The United Kingdom gross domestic product advanced in the third quarter and was unchanged from the previous esimate released in October, according to a report by the Office of National Statistics. The U.K. GDP data showed that quarterly GDP rose by 0.8 percent in the August through September quarter following growth of 1.2 percent in the second quarter. On an annual basis, the GDP increased by 2.8 percent from the third quarter of 2009.
The monthly and annual data matched economic forecasts as the data was unrevised from the previous estimate released on October 26th.
Contributing to the rise in GDP was an increase in output in the production industries by 0.6 percent and also an increase in the output of the service industries by 0.6 percent. Exports of goods and services increased by 2.2 percent and imports rose by just 0.7 percent.
Household expenditures increased by 0.3 percent in the third quarter while government expenditure advanced by 0.4 percent.
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