Economics
U.K. Economy Grew Faster Than Forecast Before Brexit Vote
- Economic growth accelerates to 0.6% in second quarter
- Pickup may mark end of more than three years of expansion
An employee welds a bracket for a Brompton folding bicycle inside the Brompton Bicycle Ltd. factory in London, U.K., on Friday, May 13, 2016. The Brompton was created in 1975 by Andrew Ritchie, a Cambridge-trained engineer.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The U.K. economy had a stronger-than-expected performance before the shock decision to leave the European Union.
Growth accelerated to 0.6 percent in the second quarter from 0.4 percent in the first, the Office for National Statistics said in London on Wednesday. The median forecast in a Bloomberg survey was for an expansion of 0.5 percent.