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U.K. Exports Boost Economy as Investment, Consumers Slump

U.K. exports helped the economy resume growth in the first quarter and outweighed the biggest slump in company investment and consumer spending in almost two years.

Exports rose 3.7 percent in the quarter and net trade added a record 1.7 percentage points to gross-domestic-product growth, the Office for National Statistics said today in London. Consumer spending dropped 0.6 percent and company investment plunged 4.4 percent. GDP rose 0.5 percent on the quarter and 1.8 percent from a year earlier, matching initial estimates.