UK GDP UP 0.5 PERCENT ON THE QUARTER

UK GDP UP 0.5 PERCENT ON THE QUARTER

Britain's gross domestic product rose by a real, seasonally adjusted 0.5 percent in the third quarter of 1995 from the second quarter at constant factor cost, according to preliminary data Monday from the Central Statistical Office.

Third-quarter GDP rose 2.4 percent from the year-ago quarter, the CSO said.The CSO said there have now been 14 successive quarters of growth since the trough in the first quarter of 1992, bringing GDP to 9.5 percent above that trough.

GDP is also 5.6 percent above the previous peak in growth in the second quarter of 1990.

Analysts had forecast a quarterly rise of 0.5 percent and an annual rise of 2.3 percent

Output excluding oil and gas extraction rose 0.5 percent in the third quarter from the previous quarter and rose 2.4 percent from the third quarter of 1994.

In the second quarter, GDP rose 0.5 percent from the first quarter of 1995, and rose 2.8 percent on the year.

The CSO releases a preliminary estimate of GDP, followed by provisional estimates of output, income and expenditure and then a full set of the national accounts.