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Monday, September 10, 2018

GDP Growth Exceeds Forecasts

UK gross domestic product in the three months to July was 0.6 percent higher than in the previous three-month period, gathering pace from 0.4 percent recorded in the three months to June and at the top end of forecasts in a Reuters poll.

GDP growth in July alone was up 1.6 percent, while it was 0.3 percent higher than in June, again above poll forecasts for 1.4 percent annual growth and a 0.2 percent monthly gain. 

The boost in growth seems to have come about from stronger consumer spending due to the World Cup and warm weather.

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