The British economy is growing at its fastest pace since 2010 according to the National Institute for Economic and Social Research (NIESR) think tank.
In the latest indication that the recovery is gathering pace, NIESR estimates that GDP expanded by 0.9 per cent in the three months to August, up from 0.7 per cent in the three months to July.
Official figures yesterday showed that output from Britain’s manufacturing sector expanded by 0.2 per cent, following an impressive 1.9 per cent surge in June. But a dampener was put on rapid recovery hopes with disappointing broader industrial production figures and a widening of Britain’s stubbornly high trade deficit in July.
Read more: UK growing at fastest pace since 2010, but non-EU exports plunge - Business News - Business - The Independent
In the latest indication that the recovery is gathering pace, NIESR estimates that GDP expanded by 0.9 per cent in the three months to August, up from 0.7 per cent in the three months to July.
Official figures yesterday showed that output from Britain’s manufacturing sector expanded by 0.2 per cent, following an impressive 1.9 per cent surge in June. But a dampener was put on rapid recovery hopes with disappointing broader industrial production figures and a widening of Britain’s stubbornly high trade deficit in July.
Read more: UK growing at fastest pace since 2010, but non-EU exports plunge - Business News - Business - The Independent
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