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Services sector ''leads UK''s latest quarterly expansion''

1 November 2011
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Services sector ''leads UK''s latest quarterly expansion''The UK economy has grown at a sharper rate than expected over the past quarter, with the services sector leading the way.

Strategies such as continuous improvement may have assisted companies in generating further profits over the three months to September 2011.

According to the latest data from the Office for National Statistics (ONS), gross domestic product (GDP) rose by 0.5 per cent during the period in question after a 0.1 per cent upswing over the three months to June 2011, with production output climbing by 0.5 per cent following a 1.2 per cent decline.

In addition, output expanded by 0.7 per cent over the three months to September following a 0.2 per cent increase during the period to June, while there was a slight fall in construction sector activity.

"Returning to the latest quarter, there is no evidence to suggest that the riots in August had any significant impact on GDP for Q3," stated the ONS.

A total of 36 economists polled by Bloomberg had reported a media estimate of economic growth of 0.3 per cent for the latest report.ADNFCR-3058-ID-800782843-ADNFCR
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