National Statistics, UK announces that the GDP grew by 0.8 per cent in the second quarter of 2006, up from growth of 0.7 per cent in the first quarter. The level of GDP is now 2.6 per cent higher than the second quarter of 2005.
The output of the production industries fell by 0.2 per cent in the latest quarter, following growth of 0.8 per cent in the previous quarter.
While output of manufacturing industries grew by 0.6 per cent, this was more than offset by a 4.0 per cent decline in mining and quarrying and a 3.0 per cent fall in the output of utilities.
National Statistics, UK also announce that the growth in the service sector accelerated to 1.0 per cent in the second quarter, from 0.7 per cent in the previous quarter.
Output of the distribution sector grew by 0.8 per cent, with a rebound in retailing partly offset by weaker growth in hotels and restaurants.
Construction output rose by 0.5 per cent in the second quarter of 2006.
Household expenditure rose 1.0 per cent in the second quarter, with strong growth in durable and semi-durable goods, reflecting the sharp rise in retail sales.
Government final consumption expenditure rose by 1.0 per cent in the latest quarter and is now 2.0 per cent above the level seen in the second quarter of 2005.
A rise in the trade deficit in real terms acted as a drag on GDP in the second quarter.
Compensation of employees, measured at current prices, rose by 0.8 per cent and is now 6.1 per cent above the level seen in the second quarter of 2005.
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