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Thứ ba, ngày 5 tháng 11 năm 2024
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Ngày 26/07/2011-21:56:00 PM
British economy increases by 0.2% in second quarter
British economy increased by 0.2 percent in the second quarter following an increase of 0.5 percent in the first quarter of this year, the Office for National Statistics (ONS) reported on Tuesday.
The ONS said that total services output in the Britain increased by 0.5 percent in the second quarter. The largest contribution to the growth in this quarter was from business services and finance, which increased by 0.7 percent, compared with an increase of 0.4 percent in the previous quarter.
Total production output in Britain decreased by 1.4 percent in the second quarter of this year, compared with an decrease of 0.1 percent in the previous quarter, with manufacturing down by 0.3 percent, mining and quarrying down by 6.6 percent.
The report also showed that British construction output increased by 0.5 percent in the second quarter, compared with a decrease of 3.4 percent in the previous quarter.
British economy suffered a serious recession over the past years and the GDP of the country declined for six quarters in a row from the second quarter of 2008 to the third quarter of 2009. The British economy began its recovery from the last quarter of 2009 but declined again in the fourth quarter of 2010 after increasing for four quarters.
However, the ONS report said on Tuesday that the growth had also been slowed by some other one-off factors such as warm weather and the effects of the Japanese earthquake and tsunami.
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