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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.