Financial News: UK GDP Growth Eases In Q2

UK GDP Growth Eases In Q2

08/13/2026 - 03:19:00 (RTTNews)

(RTTNews) - The UK economy expanded at a slower pace in the second quarter, data from the Office for National Statistics showed Thursday.

Real gross domestic product grew 0.4 percent from a quarter, following first quarter's 0.6 percent expansion. But the pace of growth matched expectations.

On the production side of GDP, services growth weakened to 0.5 percent from 0.8 percent. Construction output climbed 0.3 percent.

At the same time, industrial production showed no growth after a 0.2 percent rise. Within production, there was an increase of 1.0 percent in manufacturing and a 0.2 percent gain in mining and quarrying.

On a yearly basis, GDP advanced 1.2 percent in the second quarter compared to economists' forecast of 1.1 percent expansion.

Further, data showed that GDP posted a monthly growth of 0.3 percent in June after showing no growth in May.

In a separate communiqué, the ONS said the visible trade deficit widened to GBP 23.01 billion in June from GBP 21.08 billion in May. The shortfall was seen at GBP 20.6 billion.

The services trade surplus dropped to GBP 17.5 billion from GBP 17.6 billion in May. As a result, total trade covering goods and services showed a shortfall of GBP 5.54 billion compared to a GBP 3.5 billion deficit in May.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Ten-Year Note Auction Attracts Well Above Average Demand (01 hr(s), 46 min(s), 39 sec(s) ago)
(RTTNews) - A day after reporting above average demand for this month's three-year note auctio ...Full Story»

Latvia Trade Gap Widens In July (05 hr(s), 27 min(s), 39 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit increased in July from a year ago, as exports grew ...Full Story»

Motor Vehicles Drive Slovakia Industrial Growth To 2.4% In July (05 hr(s), 41 min(s), 39 sec(s) ago)
(RTTNews) - Slovakia's industrial output expanded for the second straight month in July, drive ...Full Story»

Portugal Trade Gap Narrows In July (05 hr(s), 55 min(s), 39 sec(s) ago)
(RTTNews) - Portugal's foreign trade shortfall decreased in July from a year ago as exports gr ...Full Story»

Taiwan Trade Surplus Grows In August (06 hr(s), 17 min(s), 39 sec(s) ago)
(RTTNews) - Taiwan's foreign trade surplus increased in August from a year ago, preliminary fi ...Full Story»

Lithuania Trade Deficit Narrows In July (07 hr(s), 37 min(s), 39 sec(s) ago)
(RTTNews) - Lithuania's foreign trade deficit decreased in July from a year ago as exports gre ...Full Story»

Romania Trade Gap Widens In July (08 hr(s), 0 min(s),39 sec(s) ago)
(RTTNews) - Romania's foreign trade deficit increased somewhat in July from a year ago as impo ...Full Story»

Japan Machine Tool Orders Surge 64.7% (08 hr(s), 14 min(s), 39 sec(s) ago)
(RTTNews) - Japan's machine tool order growth accelerated sharply in August, preliminary data ...Full Story»