Rolling coverage of the latest economic and financial news, as UK economy grows faster than forecast in January-March quarter
Growth in March alone was also stronger than expected.
GDP rose by 0.4% in March, the ONS reports, beating City forecasts for 0.1% growth.
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…Rolling coverage of the latest economic and financial news, as UK economy grows faster than forecast in January-March quarterGrowth in March alone was also stronger than expected.GDP rose by 0.4% in March, the ONS reports, beating City forecasts for 0.1% growth.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…
