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UK GDP contracts 0.2 percent in Q2

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Christian Fernsby ▼ | October 2, 2019
Britain's gross domestic product (GDP) contracted by 0.2 percent in Quarter 2 (Q2), unrevised from the previous estimate, the Office for National Statistics (ONS) said.
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Britain   UK factories
According to the ONS, the services sector continued to provide the main positive contribution to overall GDP growth, but slowed to its weakest rate in three years, alongside falls in the production and construction sectors in Q2.

Topics: GDP UK

With an upwardly revised rise of 0.6 percent in the first quarter, the British GDP has been volatile through the first half-year of 2019.

The ONS noted that the volatility largely reflecting changes in the timing of activity related to Britain's original planned exit date from the European Union in late March.