The UK Gross Domestic Product grew 1% in the preliminary reading of the fourth quarter of 2020. The result improves the expected 0.5% increase, although it is well below the 16.1% rise in the third quarter (revised from 16%).
The interannual GDP registers -7.8%, improving the estimated -8.1% and the -8.7% of the previous quarter (revised from -8.6%).
The United Kingdom also published its industrial and manufacturing production data, which grew below expectations. The monthly industrial production increased by 0.2% in December, below the 0.5% expected and the previous 0.3%. Manufacturing production grew by 0.3%, without reaching the 0.6% forecast or the 1.1% previously.
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