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- UK Q2 GDP final reading better than expected
UK Q2 GDP final reading better than expected
UK GDP in volume terms was estimated to have increased by 0.7% in Quarter 2 2016, revised up 0.1 percentage points from the second estimate of GDP published on 26 August 2016. This is the 14th consecutive quarter of positive growth since Quarter 1 (Jan to Mar) 2013.
Revisions to GDP quarterly volume growths are small compared with the previously published estimate - with a 0.1 percentage point upward revision to Quarter 2 2015 and a 0.1 percentage point downward revision to Quarter 3 (July to Sept) 2015 and no revisions to Quarter 1 2015, Quarter 4 (Oct to Dec) 2015 and Quarter 1 2016.
Between 2014 and 2015, GDP in volume terms increased by 2.2%, unrevised from the previous estimate. Between Quarter 2 2015 and Quarter 2 2016, GDP in volume terms increased by 2.1%, revised down 0.1 percentage points from the previously published estimate.
GDP per head in volume terms was estimated to have increased by 0.5% between Quarter 1 2016 and Quarter 2 2016. Between 2014 and 2015, GDP per head increased by 1.4%.
GDP in current prices increased by 1.5% between Quarter 1 2016 and Quarter 2 2016, revised down 0.1 percentage points from the previously published estimate.
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