UK economy grows faster than expected: data | 2018-06-29 | daily-sun.com

UK economy grows faster than expected: data

AFP     29th June, 2018 03:31:44 printer

UK economy grows faster than expected: data

Britain's economy grew faster than thought in the first quarter of this year, official data showed Friday, but it still marked a slowdown from late 2017.

 

Gross domestic product -- the combined value of all goods and services produced in an economy -- expanded 0.2 percent in the three months to the end of March, the Office for National Statistics said in a statement.

 

That was a slight upgrade from the previous expansion estimate of 0.1 percent and beat analyst expectations for no change.

 

However it still marked a deterioration from the 0.4-percent growth in the final quarter of last year.

 

The modest revision was thanks to better-than-expected construction output, according to the ONS.


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