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A second official estimate of GDP has confirmed that the UK economy shrank by 0.2% in the last quarter of 2011.
The fall marked a sharp reversal in economic growth from the third quarter of 2011, when gross domestic product (GDP) expanded by 0.6%.
The second estimate from the Office for National Statistics (ONS) follows a "flash" estimate given in January.
The Bank of England's governor, Sir Mervyn King, has warned the economy is likely to "zig-zag" this year.
The ONS also said that the number for the output of the service industries was unchanged, while output of the construction industry fell by 0.5%.
It said household final consumption expenditure increased by 0.5% in volume terms in the last quarter.
The ONS also said that, in current price terms, compensation of employees fell by 0.3% in the fourth quarter of 2011.
24 Feb, 2012
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Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-17152253
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