Financial News: UK GDP Growth Revised Up To 0.5%

UK GDP Growth Revised Up To 0.5%

09/30/2026 - 04:35:00 (RTTNews)

(RTTNews) - The UK economy expanded more than estimated in the second quarter, revised data from the Office for National Statistics showed Wednesday.

Gross domestic product posted a quarterly growth of 0.5 percent in the June quarter, which was revised up from 0.4 percent. This followed an increase of 0.6 percent in the first quarter.

In the second quarter, the services sector expanded 0.6 percent and construction grew 0.8 percent. On the other hand, the production sector shrank 0.1 percent.

On the expenditure-side, there was a 0.3 percent increase in real household final consumption expenditure. Meanwhile, government spending dropped 0.5 percent.

Gross fixed capital formation rose 0.9 percent and business investment climbed 1.8 percent.

Excluding the alignment adjustments, revised estimates showed that chained volume inventories fell by GBP 3.4 billion in the second quarter, mainly because of a reduction in manufacturing inventories.

The trade deficit for goods and services was estimated at 1.6 percent of nominal GDP in the second quarter.

Another data showed that ONS showed that the UK current account deficit, including trade in precious metals, narrowed by GBP 1.2 billion to GBP 19.9 billion, or 2.5 percent of GDP in the second quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Services Index Indicates Modestly Slower Growth In September (20 min(s), 30 sec(s) ago)
(RTTNews) - A report released by the Institute for Supply Management on Monday showed a modest slo ...Full Story»

Eurozone Private Sector Growth At 41-Month High (01 hr(s), 37 min(s), 30 sec(s) ago)
(RTTNews) - The euro area private sector expanded at the fastest pace in nearly three-and-a-half y ...Full Story»

UK Services Activity Continues To Expand (02 hr(s), 35 min(s), 30 sec(s) ago)
(RTTNews) - The upturn in UK service sector output sustained in September with the recovery in new ...Full Story»

South African Private Sector Contracts In September (02 hr(s), 41 min(s), 30 sec(s) ago)
(RTTNews) - South Africa's private sector activity showed a downturn in September amid renewed ...Full Story»

Eurozone Sentix Investor Confidence Weakens (03 hr(s), 0 min(s),30 sec(s) ago)
(RTTNews) - Eurozone investor confidence deteriorated in October as weakening expectations raised ...Full Story»

Turkey Inflation Eases To 29.73%, Lowest In Nearly 5 Years (04 hr(s), 11 min(s), 30 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation moderated further in September to the lowest lev ...Full Story»

Swedish Services Growth Hits 10-month High (05 hr(s), 07 min(s), 30 sec(s) ago)
(RTTNews) - The Swedish service sector expanded at the fastest pace in nearly a year in September, ...Full Story»

Eurozone Producer Price Inflation Accelerates (05 hr(s), 15 min(s), 30 sec(s) ago)
(RTTNews) - Eurozone producer price inflation accelerated in August due to the sharp increase in e ...Full Story»