UK balance of payments narrows as GDP grows

first_img The UK’s balance of payments narrowed to £7.38bn between April and June official figures have shown.According to the e Office for National Statistics (ONS) Britain’s deficit with the rest of the world narrowed to £7.383bn from an upwardly revised £11.298bn in the first quarter.Meanwhile Britain’s economy grew at its fastest pace in nine years in the second quarter of 2010 and growth in the first three months of the year was revised slightly higher, by the ONS. It said gross domestic product (GDP) grew 1.2 per cent in the three months to June, confirming an estimate published last month and in line with economists’ forecasts.The annual rate of growth was also unrevised at 1.7 per cent, as expected.Growth in the first three months of the year was edged higher to 0.4 per cent from the previous estimate of 0.3 per cent.Construction output surged 9.5 percent during the second quarter, its fastest rate of expansion since 1963 as it caught up after winter disruption.Manufacturing grew one per cent on the month and services output was up 0.6 per cent. whatsapp whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tuesday 28 September 2010 4:51 am center_img John Dunne UK balance of payments narrows as GDP grows Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Tags: NULLlast_img

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