The U.K. economy expanded as expected in the second quarter underpinned by services and manufacturing, data showed Friday.
Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first three months of the year, preliminary data from the Office for National Statistics said today.
The growth figure also matched economists' expectations. GDP was estimated to be 0.2 percent above the peak in the first quarter of 2008.
GDP grew 3.1 percent from the same quarter a year ago, also in line with forecast.
The production side breakdown of GDP showed 1 percent quarter-on-quarter increase in services and 0.4 percent expansion in production. Meanwhile, construction fell 0.5 percent and agriculture dropped 0.2 percent.
Another report from ONS showed that services output advanced 3.3 percent year-on-year in May. On a monthly basis, services output climbed 0.3 percent, it said.
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