According to the Office for National Statistics said on Monday The economy seems to moving towards development at the same speed as which was determined earlier as well during the first three months of this fiscal year, but the downturn that paved way was profound in nature than it was thought previously.

Further the ONS group expressed that its annual variants of the statistics followed to a review of the mount trough slump in GDP to 6.4 percent from 6.2 percent, smearing away an extra 2 billion pounds off from the economy.

It was recorded that there were few important changes which were, the biggest quarterly plunge in production output since Q1 2006, the biggest quarterly plunge in government expenditure since Q4 2008 and the biggest quarterly decline in exports since Q1 2009.

As per few analysts publishing the same was a bit of a low on its part. Moreover it had been deferred for two weeks as they thought there might be the vision of a logical review in the banner growth rate. If the survey indicators are taken into consideration such as the CIPS advising the development must be somewhere 0.4/0.5 quarter on quarter.