Analyse the effects of a rise in the UK’s economic output
UK economic output rose by 0.8% between July and September. Economic output is the value of the goods and services produced by all sectors of the economy; agriculture, manufacturing, energy, construction, the service sector and government. Businesses will benefit from this as rising GDP may indicate rising incomes and increased spending on goods and services. This will generate more profit for firms and increased opportunities for future investment. This is particularly true in the housing market where construction companies are in high demand and the increase in supply of houses is boosting output and investment in this sector and beyond.