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Britain's Economy Grew By 0.2% In The Second Quarter.

2011/8/3 14:44:00 42

Financial Olympics

  In July 26, 2011, the preliminary statistics released by the National Bureau of statistics showed that in the second quarter of 2011, British economy 0.2% growth over the previous quarter. This growth rate is less than analysts' expectations and 0.5% in the first quarter.


Preliminary statistics show that in the second quarter, the UK's services sector grew by 0.5%, of which 0.7% of the business services sector and the financial sector grew. However, in the second quarter, industrial production in the UK decreased by 1.4%, of which 0.3% of the manufacturing industry decreased, and the production of utilities such as electricity and gas dropped by 3.2%. Mining production A sharp decrease of 6.6%.


   Data also showed that in the second quarter, the construction industry in the UK increased by 0.5% over the previous quarter, while the previous quarter witnessed a sharp contraction.


From the second quarter of 2008 to the third quarter of 2009, the UK economy suffered negative growth for the six consecutive quarter, the longest recession after the war. From the fourth quarter of 2009 to the third quarter of 2010, the UK economy has seen four consecutive quarters of growth, of which 1.1% in the second quarter of 2010, but 0.5% in the fourth quarter of 2010.


The National Bureau of Statistics said on the same day the weather, royal wedding, London Olympic Games Ticket sales and events such as the Japanese earthquake have had an impact on economic growth in the second quarter of 2011.

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