LONDON | UK economy accelerates in the 2nd quarter

10Aug - by Editor - 0 - In STL.News

LONDON  — Britain’s economy accelerated in the second quarter as warmer weather fueled construction and consumer spending after snow and ice curtailed activity in March.

The Office for National Statistics said Friday that gross domestic product expanded by 0.4 percent in the three months through June compared with the previous quarter, when growth was 0.2 percent. The key services sector grew by 0.5 percent, and construction jumped by 0.9 percent.

“The economy picked up a little in the second quarter with both retail sales and construction helped by the good weather and rebounding from the effects of the snow earlier in the year,” said Rob Kent-Smith of the ONS.

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