The U.K. economy expanded 0.8 percent in the third quarter from the previous quarter, in line with the initial estimate published on October 25.
Gross domestic product grew at the fastest pace since the second quarter of 2010, and follows 0.7 percent growth in the second quarter of 2013, data from the Office for National Statistics showed Wednesday.
According to second estimates, GDP advanced 1.5 percent year-on-year, as initially estimated, in the third quarter.
On the expenditure side, household spending gained 0.8 percent, an eighth consecutive quarter-on-quarter increase. At the same time, government spending grew 0.5 percent.
Growth in investment accelerated to 1.4 percent from 0.8 percent. The deficit in net trade was GBP 8.9 billion with exports falling by 2.4 percent and imports growing 0.4 percent over the same period.
In a separate communique, the ONS said the index of services gained 0.7 percent in the third quarter from the previous quarter. This figure was unchanged from the estimate released in October. The index surpassed its pre-downturn peak recorded in the first quarter of 2008.
Another report showed that gross fixed capital formation increased GBP 0.7 billion or 1.4 percent compared to the previous quarter, the strongest since the first quarter of 2012.
For comments and feedback: editorial@rttnews.com