Great Britain's economic growth accelerated in the third quarter


The UK economy grew faster in the third quarter compared to the previous quarter.
According to the "German", the National Bureau of Statistics in Great Britain stated that gross domestic product in Britain increased by 0.6% in the third quarter compared to an increase of 0.4% in the second quarter and the rate of growth is in line with the expectations of economists.
The UK Census Bureau showed that growth in service sector output fell to 0.4%, although the largest contribution to GDP growth in the third quarter remained.
The growth in production in the construction sector continued to recover from the start of the year, while the quarterly growth in manufacturing in the manufacturing sector rose for the first time in 2018.
Industrial production rose 0.8 percent from 0.8 percent in the second quarter.
On a yearly basis, the gross domestic product of Great Britain (GDP) grew by 1.5 per cent in the third quarter, in line with the expectations of economists.
Consumer spending increased by 0.5% in the third quarter, while corporate investments fell by 1.2%.
The Bank of England is monitoring the state of the economy, which is proving strong at this time and plans to gradually increase interest rates to maintain the inflation target.
Construction activity recorded the largest quarterly increase since the first quarter of 2017. In September, construction activity grew by 1.7%, while industrial production stabilized, while 39; service activity decreased by 0.1%.
Personal income growth grew 1.1 percent in the third quarter of this year against 0.8 percent in the second quarter.


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