British post-Brexit growth better than expected

Summer blockbusters a factor in strong service sector rise

27th October, 2016
The British economy expanded by 0.5 per cent in the third quarter of 2016

Official figures show that the British economy grew faster than economists had forecast in the third quarter of this year, with services single-handedly ensuring resilience against any Brexit fall-out.

The 0.5 per cent expansion was better than the 0.3 per cent median forecast of economists in a Bloomberg survey. Services surged 0.8 per cent, offsetting declines in construction and production, its performance helped by box-office receipts for summer movies including Jason Bourne and Star Trek.

in the pound,...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Chris Patten: Why the Aukus submarine deal was necessary

World Chris Patten 5 hours ago

Vincent Boland: Triple pact reveals how a new Cold War between China and the West is now a reality

Susan O’Keeffe: Energy crisis is a missed opportunity to drive home effects of climate change

Comment: Mayo suffering from the real curse of social media abuse