ONS confirms 1% growth for third quarter of 2012

The UK economy grew by 1% in the third quarter of 2012, the Office for National Statistics has confirmed.

Last month the ONS first estimated that the UK had crawled out of its nine month recession after a 1% increase in GDP.

The figure was helped by strong consumer spending which grew by 0.6%. The services sector grew by 1.3% which was unchanged from the ONS' previous estimate. However growth in industrial production was revised down to 0.9% from 1.1%.

In its first estimate, the ONS said output of the production industries was estimated to have increased by 1.1% from the second to third quarter following a decrease of 0.7% between the first and second.