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UK exports expand in Q2

by ChemOrbis Editorial Team -
  • 28/08/2015 (14:18)
According to data released by National Statistics Office, the UK’s exports rose in the second quarter of 2015. Exports rose by 3.9% from the first quarter while imports edged up 0.6% on a quarterly basis. The recent data also confirmed the previously announced 0.7% gain in gross domestic product for the second quarter.

Consumer spending growth decreased to 0.7% while government expenditure growth was recorded at 0.9%. Business investment posted a gain of 2.9% on a quarterly basis.

Meanwhile, the report showed that exports jumped 8.1% in the second quarter on a yearly basis while the service sector expanded 0.7% on the year.
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