Friday, 5 June 2009

UK economy shrinking faster than originally thought

The ONS revised estimates for q1 construction activity. The new number suggests that construction output fell by 9 percent rather than 2.4 percent, which was the initial estimate.

This points to a faster decline in first quarter GDP growth than originally thought.


ustop said...

A GDP revision coming up?

Howard said...

This story was buried by the antics in Westminster. A sad sign of the times.