Tuesday, September 29, 2009

BBC NEWS | Business | UK growth falls less than thought

The rate of contraction of the UK economy in the three months from April to June has been reduced again.

Gross domestic product fell by 0.6% compared with the previous quarter, better than the previous estimate of a 0.7% contraction.

The original estimate produced by the Office for National Statistics had indicated a 0.8% decline.

The latest improvement came mostly from the manufacturing and construction sectors of the economy.

The ONS figures showed manufacturing fell 0.1% in the second quarter, which was half the amount previously estimated.

The rate of decline in construction was 0.8% instead of 2.2%, the ONS said.

BBC NEWS | Business | UK growth falls less than thought
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