for subscribers

UK gained momentum at end of 2016

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

London - The UK economy grew more than previously estimated in the final three months of 2016 but it may be the last hurrah.

Gross domestic product (GDP) rose 0.7% from the third quarter instead of 0.6%, the Office for National Statistics said on Wednesday. Trade and consumer spending provided the biggest contributions as business investment fell.

The willingness of consumers to spend has kept the economy going since the Brexit vote but signs of strain are now appearing as accelerating inflation squeezes household incomes. Credit growth slowed sharply in December and retail sales grew at their slowest annual pace in more than three years in January, recent figures showed.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.39
(+0.35)
ZAR/GBP
21.39
(-0.36)
ZAR/EUR
19.44
(+0.12)
ZAR/AUD
11.61
(-0.08)
ZAR/JPY
0.16
(-0.01)
Gold
1921.31
(+0.57)
Silver
25.10
(+1.44)
Platinum
879.00
(+0.96)
Brent Crude
43.05
(+1.28)
Palladium
2399.00
(+0.63)
All Share
55102.39
(-0.31)
Top 40
50646.79
(-0.40)
Financial 15
10011.32
(+0.55)
Industrial 25
74930.46
(-0.84)
Resource 10
53723.00
(-0.12)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
29% - 21 votes
No, I did not.
48% - 35 votes
My landlord refused
23% - 17 votes
Vote