UK economic growth jumps to 1.1% in Q2

The figure represents the largest quarterly increase in four years and is 1.6% up on the second quarter of 2009, accoding to the ONS. The increase is output was largely due to improvements in the business services, finance, and construction industries, which contributed positively to growth. However, this was partially offset by weakness in the transport, storage and communications sectors. Service industry output grew 0.9%, while production industry output grew 1%. But economists warned against over-optimism, pointing to weakening business surveys, among other factors. Jonathan Lo...