TOP NEWS: UK GDP Growth Accelerates In Second Quarter

LONDON (Alliance News) - UK economic growth doubled in the second quarter driven by stronger ...

Alliance News 10 August, 2018 | 10:17AM
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LONDON (Alliance News) - UK economic growth doubled in the second quarter driven by stronger growth in both services and construction sectors, first quarterly estimate from the Office for National Statistics showed Friday.

Gross domestic product rose 0.4%, faster than the 0.2% expansion seen in the first quarter. The rate came in line with expectations.

The dominant services output expanded 0.5%, and construction logged a quarterly growth of 0.9%. However, production dropped 0.8%.

On a yearly basis, UK GDP advanced 1.3% versus 1.2% growth seen a quarter ago.

Copyright RTT News/dpa-AFX

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