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The Office for National Statistics (ONS) released revised gross domestic product estimate. The UK gross domestic product grew at annual rate of 3.2% in the second quarter, exceeding expectations for a 3.1% gain, after a 3.1% rise in the first quarter. That was the fastest pace since the end of 2007.
On a monthly basis, the UK GDP increased 0.8% in the second quarter, in line with expectations, after a 0.8% rise in the first quarter.
The construction sector has showed a stronger performance than previously calculated.
The service sector expanded by 1%.
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