Economy UK economic statistics sector classification update: Apr 2017 Classification of units, transactions and assets for the purposes of economic statistics. UK GDP, preliminary estimate: Jan to Mar 2017
UK gross domestic product (GDP) was estimated to have increased by 0.3% in Quarter 1 (Jan to Mar) 2017, the slowest rate of growth since Quarter 1 2016.
Slower growth in Quarter 1 2017 was mainly due to services, which grew by 0.3% compared with growth of 0.8% in Quarter 4 (Oct to Dec) 2016.
In Quarter 1 2017 there were falls in several important consumer-focused industries, such as retail sales and accommodation; this was due in part to prices increasing more than spending. Monthly economic commentary: Apr 2017 The main stories from the release of "theme day" economic statistics produced over the latest month, painting a coherent picture of the UK economic performance using recent economic data. UK index of services: Feb 2017
In the 3 months to February 2017, services output increased by 0.5% compared with the 3 months ending November 2016; the 3-month on 3-month growth rates show that services output continues to slow since October 2016.
In the 3 months to February 2017, services output increased by 2.5% compared with the same period a year ago.
Services output increased by 0.2% between January 2017 and February 2017; this follows negative growth of 0.1% between December 2016 and January 2017, unrevised from the previous estimate. | 
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