ONS confirms second quarter growth, but tweaks first quarter estimate

LONDON, Sept. 26 (UPI) -- Britain's Office of National Statistics said the country's economy rose 0.7 percent in the second quarter, firming up its previous estimate released on August.

ONS, however, revised its estimate for first quarter growth from 0.3 percent to 0.4 percent.

The ONS revised a previous quarter to quarter household spending estimate from 0.4 percent to 0.3 percent, noting it was the seventh consecutive quarterly increase.

The household savings ratio was estimated at 5.9 percent in the second quarter, up from 4.4 percent in the first, ONS said.