22186
UK Growth Accelerates
World Economy

UK Growth Accelerates

UK economic growth accelerated in the second quarter as business services and finance strengthened and North Sea output surged. The 0.7% increase in gross domestic product marked a 10th straight expansion and followed a 0.4% advance in the previous three months. It was in line with the median forecast in a Bloomberg survey. The report suggests the recovery remains lopsided and led by the dominant services industry, where growth accelerated to 0.7%. While oil and gas helped industrial output rise 1% on the quarter, the most since the end of 2010, manufacturing declined 0.3%. Construction was unchanged.

Short URL : http://goo.gl/sbQes1

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...

Trending

Googleplus