British economy still confounding Brexit fears

Q4 figures beat expectations, but growth relying on consumer spending

26th January, 2017
Consumer spending holding up British growth. Pic: Getty

In its first estimate, the Office for National Statistics said the British economy grew by 0.6 per cent in the fourth quarter, the same pace as in the previous two quarters and slightly better than economists had expected.

It was driven entirely by services, helped by strong consumer spending. The ONS said construction and production provided “negligible” contribution to growth during the period, having fallen in the previous quarter.

The ONS also said growth...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Susan O’Keeffe: Intelligent, joined-up, long-term planning for change would begin to honour Ashling Murphy

A whole new level: Why Microsoft is paying $68.7bn to acquire Activision-Blizzard

Analysis: Northern Ireland protocol issue becomes ever more pressing as elections approach

Eoin Ó Broin: Focus on built environment is key to cutting emissions