U.K. economic growth probably accelerated in the three months through June as Britain posted its first consecutive quarters of expansion in almost two years.
Gross domestic product increased 0.6 percent from the first quarter, when it rose 0.3 percent, according to the median forecast of 37 economists in a Bloomberg News survey. That would mark the first back-to-back period of growth since 2011. The Office for National Statistics will publish the data at 9:30 a.m. in London today.
Reports this month showed improvements in retail sales, the labor market and house prices, suggesting consumers are driving the economy’s escape from recession. The Bank of England will outline next month its policy on forward guidance as new Governor Mark Carney looks to help sustain the rebound.