British GDP growth increases by 0.5 percent in Q3

London, Nov 28: British gross domestic product increased by 0.5 percent in the third quarter of 2015, unrevised from the preliminary estimate of GDP published a month ago, according to the second estimate data released by the Office for National Statistics (ONS).

Compared with the same quarter a year ago, British GDP increased by 2.3 percent, unrevised from the previously published estimate, Xinhua cited ONS data as showing on Friday.

Agriculture output gained 0.4 percent when compared to that of the second quarter of 2015, and decreased by 0.1 when compared to the same period of 2014.

Production output increased by 0.2 percent compared with the previous quarter, revised downwards by 0.1 percentage points from the previously published estimate.

When comparing with the same period of 2014, this sector increased by 1.2 percent, revised down 0.1 percentage points from the preliminary estimate.

The service industries rose by 0.7 percent, unrevised from the previous estimate, marking the eleventh consecutive quarter of positive growth. This sector surged 2.7 percent compared with the same quarter of 2014.

Construction output decreased by 2.2 percent, unrevised from the previously published estimate.

The sector fell by 0.1 percent compared with the third quarter of 2014, unrevised from the previously published estimate.  (IANS)