UK first quarter GDP growth revised Up
https://www.ft.com/content/b73b0ef4-3e1f-4bf7-90dd-6c1774277665
by Aggressive-Hotel-567
UK first quarter GDP growth revised Up
https://www.ft.com/content/b73b0ef4-3e1f-4bf7-90dd-6c1774277665
by Aggressive-Hotel-567
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“””The UK economy grew faster than previously estimated in the first quarter, according to official data that will provide some positive news for prime minister Rishi Sunak ahead of next week’s general election.
UK gross domestic product increased by 0.7 per cent, revised up from a first estimate increase of 0.6 per cent, the Office for National Statistics said on Friday.
This was the fastest UK growth since the end of 2021, confirming the end of last year’s technical recession, and the highest of any G7 countries.
Growth was driven by services, which was up 0.8 per cent on the quarter with widespread growth across the sector; elsewhere the production sector grew by 0.6 per cent while the construction sector fell by 0.6 per cent.”””