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UK GDP grew by 0.3% in Q2

Thursday, Aug 24 2017
UK GDP grew by 0.3% in Q2

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.3% between Quarter 1 (Jan to Mar) and Quarter 2 (Apr to June) 2017, unrevised from the preliminary estimate. In the output measure of GDP, growth was driven by services, which grew by 0.5% between Quarter 1 and Quarter 2.

In the expenditure measure of GDP there was relatively strong growth in government spending and investment; there was, however, a slowdown in growth in both household spending and business investment, to 0.1% and 0.0% respectively in Quarter 2. UK GDP growth in volume terms increased by 1.7% between Quarter 2 2016 and Quarter 2 2017. UK GDP in current prices increased by 0.8% between Quarter 1 and Quarter 2 2017.

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