The U.K. economy grew at a slightly faster pace in the fourth quarter, preliminary estimate from the Office for National Statistics showed Thursday.
Gross domestic product climbed 0.5 percent sequentially in the fourth quarter, slightly faster than the 0.4 percent expansion posted in third quarter. The growth rate matched economists’ consensus.
The dominant service sector advanced 0.7 percent, while production and construction shrank 0.2 percent and 0.1 percent, respectively. The agriculture sector grew 0.6 percent.
On a yearly basis, GDP climbed 1.9 percent in the fourth quarter, in line with expectations.
In 2015 as a whole, GDP increased by 2.2 percent on 2014, data showed.
Another report from the ONS showed that the index of services climbed 2.3 percent in November from previous year. Month-on-month, services output edged up 0.2 percent versus a 0.1 percent rise in October.
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