UK GDP Growth Matches Estimates in Q2

The UK economy advanced 3.1 percent year-on-year in the second quarter of 2014, accelerating from a 3 percent expansion in the previous quarter, according to preliminary estimates. It is the highest growth rate since the last three months of 2007.

Between Q2 2013 and Q2 2014, construction is estimated to have increased 4.2 percent, posting its fifth consecutive quarter on a year ago increase, beginning in Q2 2013 and coming after five consecutive quarters of year on year negative growth.

Business services and finance output increased by 4.2 percent, industrial production rose 2.2 percent, transport, storage and communication increased 2.2 percent and agriculture output advanced 1.4 percent. 

On a quarter-on-quarter basis, the economy advanced 0.8 percent in the three months to June, the same rate recorded in the previous period.

UK GDP Growth Matches Estimates in Q2

ONS | Joana Taborda |
7/25/2014 10:25:20 AM