Market news
21.12.2018, 09:35

UK gross domestic product increased by 0.6% between Quarter 2 (Apr to June) 2018 and Quarter 3

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.6% between Quarter 2 (Apr to June) 2018 and Quarter 3 (July to Sept) 2018, unrevised from the first quarterly estimate of GDP.

GDP was estimated to have increased by 1.8% between 2016 and 2017, revised upwards by 0.1 percentage points from the previous estimate.

At headline level the GDP dataset is largely unrevised, with a 0.1 percentage point revision to Quarter 3 2017; revisions reflect the inclusion of annual benchmarks from a number of sources for 2017 and the incorporation of administrative Value Added Tax turnover data in the output approach to measuring GDP for Quarter 2 2018.

Services remained the strongest contributor to growth in the output approach to GDP in Quarter 3 2018, with growth easing slightly from the previous quarter; construction and manufacturing also contributed positively to growth.


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