economic trends 619 june 2005 office for national statistics4 gdp activity overview the growth first quarter of is estimated to have grown by 0 5 per cent slightly lower than initial estimate 6 after release uk output income and expenditure figures that this suggests a further weakening in over period compared 2004 four when was 7 annual rate also fell 2 from 3 previous figure 1 latest contains more information contained preliminary one it gives estimates main categories complete on side still however based as yet incomplete data are available other major oecd economies these suggest modest slowdown world economy partly driven weaker manufacturing us recorded an expansion 8 down 9