Pursuits
U.K. GDP Growth Slowed in Second Quarter as Momentum Weakens
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U.K. economic growth slowed in the second quarter as manufacturing shrank and services showed signs of losing momentum, adding pressure on Prime Minister David Cameron to ease the squeeze on consumers.
Gross domestic product rose 0.2 percent from the first quarter, the same as estimated a month ago, the Office for National Statistics said today in London. Output rose 0.7 percent from a year earlier. A separate report showed services fell 0.1 percent in June, the final month of the quarter.