Gross Domestic Product

UK GDP Data Release

UK second-quarter GDP rises 0.4% Q/Q driven by services and construction

The UK second-quarter gross domestic product (GDP) met the market expectations increasing 0.4% over the quarter while rising 1.3% over the year, the Office for National Statistics said on Friday. The pickup in the UK GDP was in line with expectations as the overall growth doubled in the second quarter and confirmed the Bank of England expectations of first quarter slowdown being a bad weather-related blip.

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