Economic recovery in UK is still on course
The UK economy grew faster in the first quarter of 2010 than first thought, according to the latest official estimates from the Office for National Statistics (ONS).
The economy, as measured by gross domestic product (GDP), increased by 0.3% in the first quarter against the final quarter of 2009, above the 0.2% growth in the preliminary estimates.
The production industries (manufacturing, mining and energy) also increased by 1.2% on the previous quarter. And in that figure, manufacturing output increased by 1.2% against the 0.7% rise first thought, the ONS said.
Output of the services industry rose by 0.2%, while construction output is estimated to have fallen by 0.5%.