Nope.
http://blogs.telegraph.co.uk/finance...-revised-down/
The "growth" was due to Q3 being revised down & Q4 being flat(ish)!
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Reply to: UK economic growth revised up to 0.3%
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Previously on "UK economic growth revised up to 0.3%"
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I've just had a quick look at the stats: Sminki
The 'growth' has been down to services. Drilling down further we find that it is comprised of 0.2 from distribution, hotels, and catering; and 0.1 from business services and finance.
So what these figures show is that the UK has gotten itself out of recession by going down the pub over the xmas period and shoving it on the plastic.
As the Septics would say, "Way to go UK"
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Originally posted by doodab View PostErm, they don't produce the data. It's done by the ONS.
FWIW, the YoY figure was revised downwards to -3.3% which probably explains the drop in the value of the pound.
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Originally posted by Menelaus View PostI'd love this to be true but I've no confidence whatsoever in the Labour parties' ability to produce valid data on this and by sampling they can say anything that they like, after all.
FWIW, the YoY figure was revised downwards to -3.3% which probably explains the drop in the value of the pound.
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Originally posted by TimberWolf View Post
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Better than expected upward revision to the GDP figures supporting belief that the UK has emerged from recession and .....
.... nobody gives a frak. FTSE unmoved, and - apart from a bit of bouncing around when the figures came out - so is Cable.
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Originally posted by TimberWolf View Post
The Pound has started to recover a bit today.
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UK economic growth revised up to 0.3%
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