UK grows for third quarter in a row

ukflagThe Office of National Statistics (ONS) said that the UK GDP increased by 0.8 percent in the third calendar quarter, compared the second quarter of this year.

That’s the third consecutive quarter the UK has seen an increase, but the picture is patchy in the four industrial groupings the ONS has under its purview.

Output in Q3 increased by 1.4 percent in agriculture, 0.5 percent in production, 2.5 percent in construction and 0.7 percent in services.  The services sector is now above its peak in the first quarter of 2008, before the economic earthquake brought recession. The other sectors still have a long way to go before they recover.

The services section includes distribution.

The rise in the construction sector is believed to have been fuelled by UK government stimulating the housing market.