The ONS blamed the revision on the transport and communications and business services and finance sectors.
The annual figure for 2011 growth has also been revised down to 0.7% from 0.8%.
It also revised the GDP figure for the three months from April to June 2011 downwards from no change to a 0.1% contraction.
Analysts expect the economy to continue alternating between growth and contraction technically avoiding a recession.
The ONS found:
- The volume of expenditure on goods and services grew by 0.4% in Q4 2011, the first positive growth since 2010 Q2, while in current prices, household expenditure increased by 1.2%.
- Miscellaneous Goods and Services (which includes spending on financial services and insurance) made the largest contribution to growth, increasing by £762m between Q3 and Q4 2011.
- The largest fall came from ‘Housing’ (which includes expenditure on fuels and rental charges) which decreased by £525m between Q3 and Q4.
- In Q4 2011 the amount of food and non alcoholic beverages households bought fell by 0.9%. Volume spending per head on food and non alcoholic drink is now 11.8% lower than in Q1 2008, before the recession hit.
- Household spending rose by 2.8% in 2011 as a whole. However, because of high inflation, the value of goods and services purchased actually fell by 1.2% to the same level as in 2009.
