FOREX TradingCharts.com

Financial News: UK GDP Growth Confirmed At 0.7%

UK GDP Growth Confirmed At 0.7%

06/30/2025 - 05:06:00 (RTTNews)

(RTTNews) - The UK economy expanded at a stronger pace in the first quarter as previously estimated on robust services and industrial production, revised data from the Office for National Statistics showed on Monday.

Real gross domestic product grew 0.7 percent, unrevised from the first estimate. This followed 0.1 percent expansion in the fourth quarter and marked the fastest growth since the first quarter of 2024.

On the production-side, the services sector climbed 0.7 percent from the prior quarter, while construction output gained only 0.3 percent.

Industrial production advanced by more than estimated 1.3 percent, following falls in the previous three quarters. Within output, manufacturing output grew 1.1 percent, following a 0.6 percent drop in the previous quarter.

The expenditure-side breakdown showed that growth was driven by increases in gross fixed capital formation, net trade and household consumption.

Household spending gained 0.4 percent, while government spending dropped 0.4 percent. Gross fixed capital formation showed an increase of 2.0 percent. Within this, business investment advanced by downwardly revised 3.9 percent.

On a yearly basis, the economy expanded 1.3 percent in the first quarter, which was unrevised from the initial estimate.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Russia Slashes Interest Rates Again On Easing Price Pressures (05 min(s), 55 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (38 min(s), 55 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (45 min(s), 55 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (44 min(s), 55 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (06 min(s), 55 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (16 min(s), 55 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (45 min(s), 55 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (11 min(s), 05 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Russia Slashes Interest Rates Again On Easing Price Pressures

07/25/2025 - 10:16 AM (RTTNews)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story>>

UK Retail Sales Rebound As Warm Weather Boosts Spending

07/25/2025 - 08:49 AM (RTTNews)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story>>

Eurozone Bank Lending Growth Improves

07/25/2025 - 07:56 AM (RTTNews)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story>>

Russia Central Bank Cuts Interest Rate By 200 Bps

07/25/2025 - 06:55 AM (RTTNews)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story>>

German Business Sentiment Strongest In More Than A Year

07/25/2025 - 06:17 AM (RTTNews)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.