British economy grows official 0.8 percent in third quarter

26th October 2010, Comments 0 comments

Britain's economy expanded by 0.8 percent in the third quarter of the year, compared with output in the previous three months, easily beating market expectations, official data showed on Tuesday.

"Gross domestic product (GDP) increased 0.8 percent in the third quarter of 2010, compared with an increase of 1.2 percent in the previous quarter," the Office for National Statistics said in a statement.

"The growth in the third quarter is due to growth in ... services, construction and production," it added. Analysts' consensus forecasts had been for smaller quarterly expansion of 0.4 percent.

© 2010 AFP

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