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UK economic growth slows but beats forecasts

UK economic growth slows but beats forecasts

Summary

The UK economy grew by 0.3% from April to June, which is slower than earlier in the year but better than predicted. The construction sector saw the highest growth, and services also increased.

Key Facts

  • The UK economy grew by 0.3% between April and June.
  • Growth slowed down from 0.7% in the first three months of the year.
  • Official figures were provided by the Office for National Statistics.
  • The construction industry had the largest growth increase.
  • The services sector also experienced growth.
  • Forecasts had expected only a 0.1% increase in the economy.
  • Boosting economic growth is a key priority for the UK government.
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