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U.K. Economy Posts Fastest Growth in Almost a Year on Services

  • Gross domestic product rises 0.6% in three months through July
  • Economy growing well above Bank of England’s ‘speed limit’
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Photographer: Chris Ratcliffe/Bloomberg
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The U.K. economy grew at the fastest pace in almost a year between May and July, as construction output rebounded and a heatwave boosted retail sales and the powerhouse services sector.

Gross domestic product increased 0.6 percent from the three months through April, the most since August last year, the Office for National Statistics said Monday. That’s more than economists forecast and up from 0.4 percent in the second quarter.