LONDON (AP) — Officials figures show Britain's economy grew by 0.7 percent in the fourth quarter of 2013 compared with the previous three-month period.
While the figure was a slight slowdown from the third quarter's 0.8 percent rate, it met most analysts' expectations and closed out a strong year of recovery. For 2013 as a whole, the economy grew by 1.9 percent, its best performance since 2007.
The Office for National Statistics said that the preliminary estimates released Tuesday showed that the largest contribution to growth came from the services sector, which expanded by 0.8 percent.
Compared with the previous year, the economy was 2.8 percent larger in the fourth quarter.