UK GDP Revised Upward In Second Quarter

UK GDP output for the second quarter of 2013 has been revised upwards, according to officially released figures.

The Office for National Statistics (ONS) said the economy grew by 0.7% in the three months.

The ONS figure was up 0.1% from the estimate released in July.

Rosier growth was seen across all sectors of the economy, with small upward revisions across manufacturing, construction and parts of services.

Second-quarter growth more than doubled from 0.3% expansion in the first three months, raising hopes that the economy is now powering out of its five-year slump.

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