But services industry output climbs 0.1%
The UK economy contracted by 0.3% during the first quarter of 2012, according to the latest figures from the Office for National Statistics (ONS).
The ONS had previously estimated a 0.2% drop for the quarter earlier this year.
The construction industry was the main driver, falling by 4.8% during the first quarter, compared with a 0.2% decline in the final quarter of 2011.
Services industry output rose by 0.1% in the first quarter, but output of the production industries fell by 0.4%.
The ONS said: “The services industries have contributed positively to growth in the latest quarter.
“Output in the production industries is driven by continuing weakness in oil and gas output.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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