< html > The Associated Press
Bolivar Commercial
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Jan 27, 6:31 AM EST

Britain's economy loses steam in fourth quarter

Business Video

Latest Business News
Union asks refinery workers to strike after talks break down

1st time advertisers make a play with Super Bowl spots

What slowing economy? US consumers are in a mood to spend

Lawsuit: Exploding air bag killed Texas man

Exxon Mobil updates anti-discrimination employment policy

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
What slowing economy? US consumers are in a mood to spend

US economy slowed last quarter, but signs are pointing up

Russia cuts key rate to help economy, leaving ruble to drop

Eurozone prices plunge 0.6 pct amid weak growth, cheap oil

Factory data shows Japan economy turning corner on recession

Almost half of US households exhaust their salaries

German unemployment up to 7 pct in Jan amid seasonal factors

Philippines: Growth shows we're no longer sick man of Asia

NYC economy lost $200M from fizzled storm, transit shutdown

Britain's economy loses steam in fourth quarter

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- Official figures show Britain's economy slowed in the fourth quarter of 2014 but remained one of the better-performing economies in the developed world.

The economy grew 0.5 percent from the previous three-month period. That's a dip from a 0.7 percent expansion rate in the third quarter and 0.8 percent in the second quarter. The quarterly rate has not been slower since the fourth quarter of 2013, when it was 0.4 percent.

However, the Office of National Statistics says the economy grew by 2.6 percent for the year - the best level since 2007 and among the highest rates among the world' biggest economies.

Joe Grice, ONS chief economist, says there was slower activity in industries like construction, mining and energy supply, which he says "can be erratic."

© 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.