Saturday, 26 November 2011

UK economic growth confirmed at 0.5% by official data

Growth in gross domestic product was confirmed at 0.5%, compared with a 0.1% expansion in the second quarter.

The second quarter was especially weak because activity was interrupted by the extra holiday for the royal wedding.

Growth in the third quarter was largely driven by an increase in firms' inventories.

http://www.bbc.co.uk/news/business-15870030