25 September 2001, 12:50  UK Q2 final GDP up 0.4 pct from Q1; up 2.3 pct yr-on-yr

LONDON (AFX) - UK second quarter GDP -- at constant 1995 market prices -- rose 0.4 pct from the first quarter, for a 2.3 pct year-on-year increase, National Statistics said.
This compared with provisional estimates which showed GDP rising 0.3 pct on the quarter and 2.1 pct year-on-year.
The upward revision is mainly due to new data on construction output supplied by the Department of Trade and Industry which replaces previous model based estimates, NS said.
There were also upward revisions to output of services - largely in post and telecommunications, recreation services and financial intermediation.
The GDP deflator is estimated to have risen to 0.4 pct on the quarter and 2.2 from the same quarter a year ago.
Output of the production industries was left unrevised at -1.1 pct on the quarter for a 1.7 pct year-on-year decline.
Quarterly service sector growth was revised up to 0.9 pct from 0.8 pct previously, while the year-on-year growth rate rose to 3.7 pct, said NS.

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