Economic growth faster than thought as GDP figure revised up

Economic growth faster than first thought

Economic growth faster than first thought

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BRITAIN’S economy grew faster than previously thought at the end of last year but the current account deficit hit its highest level since records began, according to official figures.

The Office for National Statistics (ONS) revised up its figure for gross domestic product (GDP) to 0.6% in the fourth quarter, up from the previous estimate of 0.5%.

READ MORE: Scottish economy falls behind that of the UK

The revision was triggered by a stronger performance from the dominant services sector and a smaller contraction within industrial production.

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