British investors closed out Friday by looking ahead to the publication of official British economic growth data due next week. London's benchmark FTSE 100 index of top share prices finished at 5,852.62 points on Friday, down 1.06 percent from a week earlier.
Next Thursday, the Office for National Statistics will publish its third and final estimate for British growth during the second quarter, or three months to the end of June.
The previous estimate, published in August, showed that Britain's recession was not as deep as previously thought. Gross domestic product (GDP) shrank by 0.5 percent between April and June compared with the first quarter, the ONS had revealed last month. That marked a modest upgrade from the prior estimate of a 0.7-percent contraction.
Britain was already in recession prior to the second quarter after posting two successive negative quarters since late 2011. The economy shrank 0.4 percent in the fourth quarter of last year and by 0.3 percent in the first quarter of 2012.
Aside from the GDP data, London investors were also set to digest trading updates from the London Stock Exchange and brokerage ICAP, as well as from holiday companies TUI Travel and Thomas Cook.
Comments
Comments are closed.