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.

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