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Markets take data in their wake, because it did not alter the view that the Bank of England will keep a record low of 0 5pc recovery interest rates.?Photo: dbimages / Alamy

The NSO has stated his second estimate growth between July and September has also confirmed the economy 2. 8pc, compared to year ago according to the forecasts of analysts.

Net trade has contributed to 0.4 percentage growth, most since the end of 2008, as exports have increased faster than imports.

While figures may reassure makers that a sterling depreciation period contributes to rebalancing the economy recovery still faces Government winds deep spending cuts that would begin to bite next year.

"There is a bit of a disappointment with consumption, which can be a worrying prelude to what is to come", said Brian Hilliard, an economist at the General society.

New figures on expenditure showed a growing household spending slowed the 3pc 0 0 7pc in the second quarter, while government spending has increased by only 0 4pc, less than half the pace in the second quarter.

But markets took data in their wake because it did not alter the view that the Bank of England will keep a record low of 0 5pc for many months to come for the recovery interest rate.

The Government plans to cut spending by about ￡ 81bn over the next four years with loss of nearly half a million public.Paiements welfare sector jobs are also defined in the fall, that an increase in value-added tax in January will be put more pressure on household finances.

Analysts said they doubted that the private sector would be able to compensate for loss of profits left by reductions in public expenditure, 0 2pc - first decrease of almost a year after figures separated Wednesday showed business investment.

It is also uncertain how much export request hold, taking into account the financial turmoil in parts of Europe, which is the most important trading partner of Great Britain.

"The global economy slows, and disorders of the euro area, to export its way out of recession United Kingdom capacity remains in doubt," said Hetal Mehta, an economist at Daiwa Capital Markets.

However, economic advisor to the Club Ernst & Young, Andrew Goodwin said: "it is quite possible that we will see a milder due in the coming quarters, but in a broader context, recovery seeks to be on a firm footing relatively.

Graeme Leach, an economist at the Institute of Directors, said: "many today reaffirmed our belief that economic recovery will be a sign of the square root, activity economic leveling in 2011 after a normal a cyclical recovery in 2010."

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