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

U.S. Producer Prices Unexpectedly Flat In July, Annual Growth Slows To 4.7% (02 hr(s), 43 min(s), 26 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Jobless Claims Climb More Than Expected To 209,000 (03 hr(s), 09 min(s), 26 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits climbed by more than expected in the ...Full Story»

Turkey Current Account Gap Widens In June (04 hr(s), 0 min(s),26 sec(s) ago)
(RTTNews) - Turkey's current account deficit increased in June from the previous year, accordi ...Full Story»

U.S. Producer Prices Unexpectedly Unchanged In July (04 hr(s), 18 min(s), 26 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Weekly Jobless Claims Climb More Than Expected (04 hr(s), 21 min(s), 26 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits climbed by more than expected in the ...Full Story»

Croatia Producer Price Inflation Eases To 4.9% (05 hr(s), 29 min(s), 26 sec(s) ago)
(RTTNews) - Croatia's producer price inflation eased for the second straight month in July, fi ...Full Story»

Norway Keeps Key Interest Rate Unchanged (05 hr(s), 53 min(s), 26 sec(s) ago)
(RTTNews) - Norges Bank left its key interest rate unchanged on Thursday but kept the door open fo ...Full Story»

Irish Inflation Remains Stable At 3.4% (05 hr(s), 55 min(s), 26 sec(s) ago)
(RTTNews) - Ireland's consumer price inflation held steady in July after easing in the previou ...Full Story»