UK GDP in line with market expectations

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Wednesday, Jul 26 2017

UK GDP in line with market expectations

UK gross domestic product (GDP) was estimated to have increased by 0.3% in Quarter 2 (Apr to June) 2017. The growth in Quarter 2 2017 was driven by services, which grew by 0.5% compared with 0.1% growth in Quarter 1 (Jan to Mar) 2017.

The largest contributors to growth in services were retail trade, which improved after a fall in the first quarter, and film production and distribution. Construction and manufacturing were the largest downward pulls on quarterly GDP growth, following 2 consecutive quarters of growth. GDP per head was estimated to have increased by 0.1% during Quarter 2 2017.

More in this category: « Australian CPI at 0.2% New Home Sales at an annual rate of 610,000 »

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