The Office for National Statistics (ONS) has today revealed that the UK economy contracted by 0.6% in the April to June period - rather than the 0.7% previously reported and the 0.8% reported prior to that.

The latest revision comes as the manufacturing and construction sectors performed better than originally thought and brings further hope that the UK will exit recession in the third quarter by experiencing positive growth.

According to the ONS, manufacturing output fell 0.1% in the second quarter, which was half the amount …

Read the original article at Fnancemarkets

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Tags: Economy, finance, markets, money, Recession, UK

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