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UK economy grew 0.3% in Q1

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The UK economy grew at a faster rate than previously thought during the first three months of the year, according to the latest figures from the Office for National Statistics (ONS).

It said gross domestic product expanded by 0.3 per cent during the quarter compared with the last three months of 2009.

This was revised up from an initial growth estimate of 0.2 per cent, which was published in April.

According to the ONS, the output of the UK’s production industries increased by 1.2 per cent between January and March.

Within the sector, manufacturing output rose by 1.2 per cent, while production in the water, gas and electricity industry was 1.7 per cent higher.ADNFCR-3318-ID-19801373-ADNFCR