AIRLINK 187.89 Increased By ▲ 1.08 (0.58%)
BOP 13.31 Increased By ▲ 1.14 (9.37%)
CNERGY 7.27 Increased By ▲ 0.16 (2.25%)
FCCL 38.40 Increased By ▲ 1.32 (3.56%)
FFL 14.80 Increased By ▲ 0.11 (0.75%)
FLYNG 25.78 Increased By ▲ 0.19 (0.74%)
HUBC 133.62 Increased By ▲ 1.89 (1.43%)
HUMNL 13.15 Decreased By ▼ -0.10 (-0.75%)
KEL 4.19 Decreased By ▼ -0.02 (-0.48%)
KOSM 5.85 Decreased By ▼ -0.12 (-2.01%)
MLCF 46.62 Increased By ▲ 0.97 (2.12%)
OGDC 201.50 Increased By ▲ 2.06 (1.03%)
PACE 6.10 Increased By ▲ 0.06 (0.99%)
PAEL 38.60 Increased By ▲ 1.01 (2.69%)
PIAHCLA 16.84 Decreased By ▼ -0.18 (-1.06%)
PIBTL 7.89 Increased By ▲ 0.13 (1.68%)
POWER 10.71 Decreased By ▼ -0.05 (-0.46%)
PPL 171.99 Increased By ▲ 1.45 (0.85%)
PRL 33.39 Increased By ▲ 0.48 (1.46%)
PTC 23.00 Decreased By ▼ -0.31 (-1.33%)
SEARL 96.20 Increased By ▲ 0.58 (0.61%)
SILK 1.10 Increased By ▲ 0.03 (2.8%)
SSGC 31.24 Increased By ▲ 1.02 (3.38%)
SYM 17.65 Increased By ▲ 0.17 (0.97%)
TELE 8.05 Increased By ▲ 0.03 (0.37%)
TPLP 12.22 Increased By ▲ 0.49 (4.18%)
TRG 60.35 Decreased By ▼ -1.91 (-3.07%)
WAVESAPP 11.95 Increased By ▲ 0.16 (1.36%)
WTL 1.50 Increased By ▲ 0.03 (2.04%)
YOUW 3.90 Increased By ▲ 0.03 (0.78%)
BR100 11,853 Increased By 89.5 (0.76%)
BR30 34,950 Increased By 399.9 (1.16%)
KSE100 112,785 Increased By 1041 (0.93%)
KSE30 35,170 Increased By 363.2 (1.04%)

LONDON: The British economy performed slightly better than previously estimated in the final quarter of last year as it expanded by 0.1 percent, revised official data showed Friday.

The Office for National Statistics (ONS) initially said growth had been flat in the October-December period.

Either way, the UK narrowly avoided falling into recession at the end of 2022.

“The economy performed a little more strongly than previously estimated, with later data showing telecommunications, construction and manufacturing all faring better than initially thought,” noted ONS director of economic statistics, Darren Morgan.

He added that households saved more in the last quarter, with finances boosted by government support to pay sky-high energy bills.

Britain says global accounting rule is crimping its economy

“Meanwhile, the UK’s balance of payments deficit with the rest of the world narrowed, driven by increased foreign earnings by UK companies, particularly in the energy sector,” he added.

Oil and gas prices soared last year as supplies tightened following the invasion of Ukraine by key energy producer Russia.

Comments

Comments are closed.