Bulletin

Britain outpaced Germany in first quarter growth

Economists expect revisions to first-quarter UK GDP figures due to be released on Thursday. A Bloomberg survey found forecasters expect growth numbers to be revised up from 0.3% to 0.4%. The revisions would put the UK's growth ahead of Germany's in the first quarter of 2015. Bank of America Merrill Lynch and Daniel Stewart & Co predicted that the ONS would revise the first-quarter GDP growth figures to 0.5%. First-quarter estimates of growth are typically revised upwards as the ONS includes more data in its calculations. The preliminary estimate incorporates less than half the data of the final releases. Data released since the first GDP numbers have shown that industrial production rose by 0.1% in the first quarter, rather than falling by 0.1% in the period. Similarly, construction's decline has been revised, from a 1.6% fall to just 1.1%.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?