The UK economy expanded by 0.6% in Q1 2026, matching market expectations and marking the strongest growth since Q1 2025. This follows an upwardly revised 0.2% increase in the previous quarter. Services output, the main growth driver, rose by 0.8%, up from 0.2% in the prior period. The wholesale and retail trade sector led the gains, growing by 2.0%, with wholesale trade up 3.1% and retail trade up 1.6%. Production output increased by 0.2%, supported by a 0.8% rise in manufacturing and a 0.6% increase in electricity, gas, steam, and air conditioning supply, offsetting declines in mining, quarrying, and water supply sectors. Construction grew by 0.4%, as repair and maintenance surged by 3.4%, while new work fell by 1.9%. On the expenditure side, growth was driven by higher gross capital formation, household consumption, and government spending. Annually, the economy expanded by 1.1% in Q1 2026, exceeding the 0.8% forecast. source: Office for National Statistics
The Gross Domestic Product (GDP) in the United Kingdom expanded 0.60 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in the United Kingdom averaged 0.58 percent from 1955 until 2026, reaching an all time high of 17.00 percent in the third quarter of 2020 and a record low of -19.90 percent in the second quarter of 2020. This page provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
The Gross Domestic Product (GDP) in the United Kingdom expanded 0.60 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in the United Kingdom is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom GDP Growth Rate is projected to trend around 0.40 percent in 2027 and 0.30 percent in 2028, according to our econometric models.