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LONDON (AFP) – Britain's frugalness shrank slightly less than previously intellection in the ordinal lodge of 2010, authorised accumulation showed Tuesday, but analysts warned that it does not signal rosy nowadays ahead.

Gross husbandly product (GDP) shrunken 0.5 proportionality between October and Dec compared with the ordinal quarter, as algid defy hampered the cerebration industry, the Office for National Statistics (ONS) said.

Its ordinal and test judge was a offense transformation on the ordinal judge publicised last month, which said value had shrunken by 0.6 percent. An initial amount in Jan matched the test datum of harmful 0.5 percent.

Economists surveyed by Dow designer Newswires had forecast no writing to the test figure.

"GDP ontogeny shrunken by 0.5 proportionality in the latest quarter, revised from a fall of 0.6 proportionality previously published," the ONS said in a statement.

It additional that between October and December, value was an unrevised 1.5 proportionality higher compared with the ordinal lodge of 2009.

"Slightly lesser value shortening than previously reportable in the ordinal lodge of 2010 does not essentially modify the UK scheme story," said Howard Archer, chief European economist at research assemble IHS Global Insight.

"The accumulation still show that the frugalness suffered a scarred expiration of capableness at the modify of 2010, which could not be attributed solely to December's intense weather.

"As such, the accumulation render concerns over the underlying capableness of the frugalness -- specially as the business squeeze had only nibbled rather than really started to ache in the ordinal lodge of 2010."

Britain's Conservative-Liberal Democrat polity is slashing state spending in a effort to virtually eliminate a record open inadequacy it inherited from the preceding Labour brass after success noesis last year.

Critics say the coalition's austerity drive is stunting Britain's recovery from recession, patch the polity last hebdomad lowered its authorised forecast for 2011 value ontogeny to 1.7 proportionality from an early judge of 2.1 percent.

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