UK GDP grew by 0.4%

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Wednesday, Oct 25 2017

UK GDP grew by 0.4%

UK gross domestic product (GDP) was estimated to have increased by 0.4% in Quarter 3 (July to Sept) 2017, a similar rate of growth to the previous two quarters. Services increased by 0.4%, the same rate as Quarter 2 (Apr to June) 2017 and remains the largest contributor to GDP growth, with a strong performance in computer programming, motor trades and retail trade.

Manufacturing returned to growth after a weak Quarter 2 2017, increasing by 1.0% in Quarter 3 2017. Construction has contracted for the second quarter in a row, although the industry still remains well above its pre-downturn peak. GDP per head was estimated to have increased by 0.3% during Quarter 3 2017.

More in this category: « German Business Climate increased to 116.7 Durable Goods Orders up by 2.2% »

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