26 Office for National Statistics released the latest revision data show that the fourth quarter of 2009, the British economy over-year 0.3%, higher than the initial estimate of 0.1% growth. However, the fourth quarter of 2009, the British economy was still up 3.3% year on year decline.
Data show that the last quarter of last year, the British chain of industrial production rose by 0.4%, among which the manufacturing sector increased by 0.8%. With last year's third quarter decreased by 1.0% and 0.3% compared to the two data are more obvious improvement. In the fourth quarter, the UK services sector rose by 0.5% in the third quarter decreased 0.3%. For the fourth quarter, household expenditure chain grew by 0.4%, but was still down 1.9% year on year.
In addition, the fourth quarter of last year, government spending and the same period last year the chain increased by 1.2% and 2%. In the fourth quarter, the construction industry were down 1%. As the increase in imports of goods and services is greater than the export growth in the fourth quarter of last year, the United Kingdom the actual trade deficit from the previous quarter, 7.7 billion pounds to 83 billion pounds.
Until the third quarter of last year, the British economy in the last six quarters of negative growth, but also from the statistics since the start of the 1955 recession lasted the longest time, Britain has become the latest major Western economies out of recession state. Euro-zone economy and the U.S. economy have experienced growth in the third quarter, while the major European countries Germany and France, the second and third quarters of last year, the economy has been a continuous increase. Analysts believe that although the British economy from the fourth quarter of last year, out of a recession, but this year the pace of recovery will be slow.
