UK GDP Advances at Fastest Pace in Six Years

The UK economy expanded 3.1 percent year-on-year in the first three months of 2014, up from a 2.7 percent expansion in the previous quarter. Preliminary estimates showed the economy accelerated for the fifth straight quarter.
ONS | Joana Taborda | joana.taborda@tradingeconomics.com 4/29/2014 11:21:41 AM
Construction recorded the highest annual increase (5.1 percent), followed by distribution, hotels and restaurants (4.9 percent) and business services and finance output (+ 3.6 percent). 

Production output increased by 2.5 percent, agriculture advanced 1.8 percent and government and other services output increased by 1.5 percent. 

On a quarter-on-quarter basis, the economy advanced 0.8 percent, slightly below market expectations, but higher than a 0.7 percent expansion in the previous three-month period.  

UK GDP Advances at Fastest Pace in Six Years