LONDON (MarketWatch)
Growth in the U.K. dropped more than expected in
second quarter, driven by weakness in the construction sector, the production
sector and the service sector, data from the Office of National Statistics
showed Wednesday
A preliminary estimate of gross domestic product for second
quarter showed a 0.7% decline compared with the previous quarter
In the first
quarter of 2012, growth slipped 0.3%
Analysts surveyed by Factset expected GDP
growth to drop by 0.2%
The construction sector was hurt the most, with output
dropping 5.2% quarter-on-quarter, following a 4.9% decrease between the last
quarter in 2011 and 2012's first quarter
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