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UK Growth on Track

Figures from the Office for National statistics show that UK GDP remains on target. Following a rise of 0.4% in the first quarter of 2015, the second quarter delivered growth of 0.7%, well in line with expectations. A breakdown of the figures reveals that whilst the services sector and production are seeing strong growth, construction remains flat and agriculture saw a fall.

Whilst increasing growth figures give rise to speculation about a possible rise in interest rates, in general economists believe this is unlikely to occur before the turn of the year. So what does this mean for investments? In particular, should investors follow the growth figures and concentrate on services and production? Well no, not necessarily. Whilst investments should be reviewed regularly to ensure that they remain on track, best advice remains to ensure that there is a spread of risk across business sectors and global areas.