UK Q1 Annual GDP Growth Revised Lower

2026-06-30 06:35 By Kyrie Dichosa 1 min. read

The UK economy expanded by 0.9% year-over-year in Q1 2026, revised down from the preliminary estimate of 1.1% and matching the revised pace recorded in the previous quarter.

Growth was driven by a 1.2% increase in services output, while production declined 0.1% and construction fell 1.6% from a year earlier.

On the expenditure side, household consumption rose 0.9%, supported by spending on restaurants, hotels, household goods, and miscellaneous items.

Government consumption increased 2.7%, reflecting higher public administration, defense, and health spending, while gross fixed capital formation climbed 1.6%, driven by investment in buildings, transport equipment, and machinery.

Meanwhile, exports increased 0.6%, but imports rose 2.7%, weighing on net trade.



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