Economic growth in the UK accelerated in the third quarter


In the third quarter, the UK economy grew faster than in the previous quarter.
According to "Germany", the National Bureau of Statistics in Britain said that gross domestic product rose by 0.6% in the third quarter compared to a 0.4% increase in the second quarter and the growth rate was in line with expectations of economists.
The United Kingdom Population Census Bureau has shown that output growth in the service sector has fallen to 0.4 percent, although it remained the largest contributor to GDP growth in the third quarter.
The growth in production in construction continued after the weak start of the year, and the quarterly increase in production in manufacturing was rising in 2018.
Industrial production rose 0.8 percent in the second quarter from 0.8 percent.
The British gross domestic product (GDP) increased by 1.5 percent in the third quarter, in line with the expectations of economists.
Consumption increased by 0.5 percent in the third quarter, while investment in enterprises fell by 1.2 percent.
The Bank of England is monitoring the state of the economy, which is currently operating strongly, and expects a gradual increase in interest rates to maintain the inflation target.
Construction activity has increased since the first quarter of 2017 the largest quarter. In September, construction activity increased by 1.7%, while industrial production stabilized, while service activity fell by 0.1%.
The growth of personal income rose by 1.1 percent in the third quarter this year, compared with 0.8 percent in the second quarter.

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