Bad on the growth of the UK as lower than the thought of ONS recovery

An important part of the growth in recent months is likely be cleared when the Office for National Statistics (ONS) released figures updated Wednesday.

Agency of statistics is widely forecast to revise its robust estimation which (GDP) of gross domestic product increased 1. 2pc quarter-on-quarter between April and June, which was the fastest pace in nine years.

Given that the figure of the second quarter has been released, surprising analysts, it became clear that the recovery in the sector of construction which has led the overall growth was not as strong as for the first time.

Data seem to be overestimated the strength of recovery of suspicions have been confirmed expansion of quarter-on-quarter of the sector has been significantly reduced month 9 6pc to 6 8pc last.

"Scope of revising downward in the second quarter has important consequences," said Howard Archer, UK Economist at IHS Global Insight.

"This means that subject to any revision to the other components of GDP overall in the second quarter, the growth would be reduced by 0.2 percentage point to 1pc quarter-on-quarter.

"Obviously any revision to the decline in GDP growth is disappointing."

8Pc 0 for the third quarter will also be cut, to 0 7pc, due to the new, more low figures for the output of factories, Philip Shaw, an economist at the Investec, GDP growth was calculated.

Even economists who believe that the measure of growth will be managed to hold up to 0 8pc rate to wait for the pace on the underlying year is release. Forward-looking, economists predict recovery rate will also slow after their arrival in at autour 0 5pc in the current quarter.


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