Financial News: UK GDP Growth Confirmed At 0.6%

UK GDP Growth Confirmed At 0.6%

06/30/2026 - 03:19:00 (RTTNews)

(RTTNews) - The UK economy expanded as initially estimated in the first quarter, primarily driven by services activity, final data from the Office for National Statistics showed Tuesday.

Gross domestic product grew 0.6 percent sequentially in the first quarter, following a revised 0.1 percent expansion seen in the fourth quarter.

The production-side of GDP showed that output increased in all three sectors, with the largest contribution from the services activity, which advanced 0.8 percent. Industrial production climbed 0.2 percent and construction grew 0.2 percent.

On the expenditure-side, household spending moved up 0.6 percent and government spending gained 1.3 percent.

Gross fixed capital formation climbed 0.4 percent, driven by increases in other buildings and structures and transport equipment. Within capital formation, business investment rose 0.9 percent.

Further, the trade deficit for goods and services was estimated at 1.9 percent of nominal GDP in the first quarter.

In 2025, GDP increased 1.3 percent, which was revised down from 1.4 percent. This followed an unrevised growth of 1.0 percent in 2024.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Finland Economic Output Grows 2.8% In May (20 min(s), 18 sec(s) ago)
(RTTNews) - Finland's economic output expanded at a faster pace in May, data from Statistics F ...Full Story»

Japan Housing Starts Surge 33.9% (59 min(s), 18 sec(s) ago)
(RTTNews) - Japan's housing starts increased at a faster than expected pace in May, data from ...Full Story»

UK GDP Growth Confirmed At 0.6% (01 hr(s), 17 min(s), 18 sec(s) ago)
(RTTNews) - The UK economy expanded as initially estimated in the first quarter, primarily driven ...Full Story»

Japan Industrial Output Rises Less Than Expected (02 hr(s), 02 min(s), 18 sec(s) ago)
(RTTNews) - Japan's industrial production expanded for the second straight month in May, thoug ...Full Story»

China Manufacturing Activity Expands (03 hr(s), 31 min(s), 18 sec(s) ago)
(RTTNews) - China's manufacturing activity expanded in June, official survey results from the ...Full Story»

Japan Data Due On Tuesday (25 min(s), 42 sec(s) ago)
(RTTNews) - Japan is scheduled to release a batch of economic data on Tuesday, highlighting a busy ...Full Story»

India Industrial Production Growth Improves In May (28 min(s), 42 sec(s) ago)
(RTTNews) - India's industrial production grew at a faster than expected pace in May driven by ...Full Story»

Eurozone Economic Sentiment Improves More Than Forecast (42 min(s), 42 sec(s) ago)
(RTTNews) - Eurozone economic confidence improved more than expected in June as tensions in the Mi ...Full Story»