Rolling coverage of the latest economic and financial news, as UK economy grows faster than forecast in January-March quarter
Newsflash: The UK’s short, shallow, recession is over.
The UK economy grew by 0.6% in the first quarter of this year, the Office for National Statistics has reported.
In output terms, services grew by 0.7% on the quarter with widespread growth across the sector; elsewhere the production sector grew by 0.8% while the construction sector fell by 0.9%.
In expenditure terms, there were increases in the volume of net trade, household spending and government spending, partially offset by falls in gross capital formation.
Continue reading… The Guardian Read More Rolling coverage of the latest economic and financial news, as UK economy grows faster than forecast in January-March quarterNewsflash: The UK’s short, shallow, recession is over.The UK economy grew by 0.6% in the first quarter of this year, the Office for National Statistics has reported.In output terms, services grew by 0.7% on the quarter with widespread growth across the sector; elsewhere the production sector grew by 0.8% while the construction sector fell by 0.9%.In expenditure terms, there were increases in the volume of net trade, household spending and government spending, partially offset by falls in gross capital formation. Continue reading…
