British economy grows 1.1 percent in second quarter: data

23rd July 2010, Comments 0 comments

Britain's economy grew by 1.1 percent in the second quarter of 2010 from output in the previous three months, far higher than market expectations, official data showed on Friday.

"Gross domestic product (GDP) increased 1.1 percent in the second quarter of 2010," the Office for National Statistics (ONS) said in a statement. Analysts' consensus forecast had been for 0.6-percent expansion in the April-June period.

"The increase in output was due mainly to increases in business services and finance and construction," the ONS added.

© 2010 AFP

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