WHOA: UK GDP Growth Accelerated To A 5-Year High

Kate Middleton Princess Duchess of Cambridge

Photo: AP

UK GDP grew 1.0% in Q3.  This was much higher than the 0.6% gain forecast by economists.This is the fastest pace of growth since Q3 2007.

The service sector grew by 1.3% and industrial output increased by 1.1%.  Construction fell 2.5%.

Olympic ticket sales added 0.2 percentage points to GDP, reports World First.

Markets are extending their rally in Europe.

SEE ALSO: The 20 Fastest Growing Economies In The World >

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