UK’s economic growth revised up
30 June 2015
From the section Business
The UK economy grew faster than previously estimated in the first three months of the year, official figures have shown.
The Office for National Statistics (ONS) said the economy grew by 0.4% in the quarter, compared with an earlier estimate of 0.3%.
Growth was boosted by a better performance from the construction industry than previously estimated.
Annual growth to March was also revised up to 2.9% from 2.5% previously.
The latest revision is the third estimate for the period.
For 2014 as a whole, economic growth was revised up to 3%, the fastest pace of growth seen since 2006.
Earlier this month the ONS said construction output in the UK was 0.2% lower in the first quarter, rather than 1.1% lower as previously estimated.
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Source:: BBC UK