In the U.K., Economic Growth Is All About Services: Chart

U.K. Economy Grew 0.5% in Fourth-Quarter

The U.K. economy’s 0.5 percent expansion in the fourth quarter of 2015 was driven by a pickup in services, which account for about 79 percent of gross domestic product. Business services and finance led the sector’s 0.7 percent expansion, up from 0.6 percent in the previous three months. Industrial production dropped 0.2 percent, and within that manufacturing was unchanged while utilities and mines cut output. Construction output fell 0.1 percent.

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