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cheapbag214s · Posted: Thu 19:11, 14 Nov 2013 Post subject: production

British economy grows for second consecutive quarter
LONDON, July 25 () -- Britain's Office of National Statistics said the country's economy rose 0.6 percent in the second quarter of the year,[url=http://www.ksacinc.com/cheapbeats/?]cheap beats[/url], with gains widespread.The estimate released Thursday pegs growth at twice as fast as the first quarter when the economy grew 0.3 percent over the fourth quarter of 2012.The ONS said all four main economic components -- agriculture, production, construction and services -- grew in the second quarter, the first time that has happened since the third quarter of 2010.The service sector grew 0.6 percent and contributed 0.48 percentage points to the 0.6 percent gain in the GDP.The ONS estimate could be revised at a later date. In the current report, manufacturing growth was pegged at 0.4 percent following a 0.2 percent decline in the first quarter. The ONS said the GDP is still recovering from the sharp declines of 2008 and 2009.From the pre-recession peak to its recessionary low, the British economy shrank 7.2 percent, the ONS said. By the end of the second quarter, the GDP was estimated at 3.3 percent below its peak in the first quarter of 2008.