Construction leads higher than expected UK economic growth

THE North East Chamber of Commerce (NECC) today welcomed UK growth estimates that show the economy growing more quickly than many economists have predicted.

The UK GDP growth estimates for the second quarter of 2010 show 1.1% growth. The Office for National Statistics, which publishes the figures, says this reflects growth across the board in services, production and most notably construction which grew by 6.6%.

Ross Smith, NECC head of policy, said: “NECC’s own economic research has shown continued growth in the region in the second part of this year – a feat in its own right – but our latest quarterly North East Business Barometer suggested this was considerably more fragile than today’s UK GDP figures indicate.

“With a major head wind expected in the region as the Government cuts public sector spending, it remains critically important that all policy decisions affecting the North East are subjected to an economic recovery test to make sure efforts are focused entirely on continuing this recovery.”

< Back to News

Leave a Reply

You must be logged in to post a comment.

 Testimonials

“Having worked in newspapers for 30 years, I've lost count of the number of public relations companies and press agencies I have come across. There are plenty of bad ones, no end of mediocre ones - and a few very good ones. We know that when Stride is involved, we are dealing with professional journalists who understand what we need: mutually beneficial relationships with influential organisations, and a steady stream of solid editorial material to help us fill our pages."

Peter Barron, The Northern Echo

“I'm used to dealing with PRs who fail to understand the media's needs and deadlines or are cynically manipulative. Like kids, most think pester power will work! Stride's team are refreshingly different. They're grown up, intelligent, honest, and very quick at responding - as a result, they get their clients in front of us more often than most. I was particularly impressed by their disaster management. They invest time with the media - they don't waste it. So although they'd never be naïve enough to ask for favours, when there is a problem, they certainly earn a more sympathetic hearing. "

Sue Scott, associate editor at The Grocer and formerly business editor at the Evening Gazette