Economy Monthly economic commentary: Jan 2017
Services industries accounted for almost all of the 0.6% growth in gross domestic product (GDP) in Quarter 4 (Oct to Dec) 2016.
The construction industry was more subdued, with a 0.1% increase in Quarter 4 2016 following a 0.8% fall in the previous quarter and production output was flat in the quarter.
Increased producer prices have started to feed into higher consumer prices for food and energy. UK GDP, preliminary estimate: Oct to Dec 2016
UK gross domestic product (GDP) was estimated to have increased by 0.6% during Quarter 4 (Oct to Dec) 2016, the same rate of growth as in the previous 2 quarters.
Growth during Quarter 4 was dominated by services, with a strong contribution from consumer-focused industries such as retail sales and travel agency services. UK index of services: Nov 2016
This release shows that services output increased by 0.3% between October 2016 and November 2016, marking the sixth consecutive month-on-month positive services growth.
The biggest contributor to this growth was business services and finance, which increased by 0.5%, contributing 0.22 percentage points to the overall increase. | 
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