The UK economy grew at a faster pace in the first quarter, driven by contribution from all three sectors, the Office for National Statistics said Thursday.
Gross domestic product increased 0.6 percent sequentially, following the fourth quarter's 0.2 percent expansion. The rate came in line with expectations.
The service sector led growth with an 0.8 percent expansion, while construction and industrial output grew 0.4 percent and 0.2 percent, respectively.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.