-
U.K. Export Surge Drives Economy to 10th Quarter of Growth
U.K. exports picked up in the second quarter, helping trade contribute to the economic expansion by the most in four years. Exports rose 3.9 percent from the previous three months, while imports gained just 0.6 percent. Gross domestic product increased 0.7 percent in the period, including a 1 percentage point addition from net trade, the Office for National Statistics said in London on Friday. The report also showed that consumer-spending growth eased slightly to 0.7 percent and the pace of government expenditure held at 0.9 percent. Business investment increased 2.9 percent on the quarter, the most in a year, and ... (full story)