UK economic growth revised up to 0.4%

Britain's emergence from an 18-month recession was stronger than first thought, according to revised ONS data.

Figures show UK GDP grew 0.4% in Q4 2009, more than the initial 0.3% estimate. That forecast itself was revised up from its first estimate of just 0.1% growth. Year-on-year (YoY) GDP has also been revised up to -3.1% for Q4 2009 from -3.3%. The 0.4% growth between October and December last year compares with a figure of -0.3% for Q3 2009. The YoY figure for Q4 2009 compares with a contraction of -5.3% in the same period in 2008. GDP is a measure of the total value of all goods and services produced by the UK. It is considered as a broad measure of the UK economic activity a...