Nick Pancisi
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Businesses worried about latest GDP figures

25 January 2012 Last updated at 13:25 GMT

UK economic activity shrank by 0.2% in the last three months of last year, according to official figures.

It marks a sharp drop in economic activity from the third quarter of 2011, when gross domestic product (GDP) expanded by 0.6%.

The figures, from the Office for National Statistics (ONS), are a preliminary estimate, which could be revised either up or down by 0.2%.

The ONS figures also show that the economy grew by 0.9% during 2011.

The BBC's Business Correspondent Brian Milligan reports from the Pride Park business centre in Derby where local businessmen are worried about consumer confidence.