The End of the U.K.'s Economic Slump?

The United Kingdom may have pulled out of a downward economic cycle. At least that is what official government data shows. For the third quarter of this year, gross domestic product rose 1% compared with the second quarter.

The only dark spot was construction, where economic activity fell 2.5%. Based on this, the U.K. is no different from any other large developed economy that is still staggered by real estate problems - both commercial and residential.

The preliminary data from the Office of National Statistics:

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Economy, International Markets, Research