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UK Q2 GDP growth doubled in June

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Staff Writer | August 13, 2018
Britain’s preliminary gross domestic product (GDP) climbed 0.4% on a quarterly basis in Q2 2018, driven by robust retail sales and good weather conditions and in line with market consensus.
UK construction
Britain   UK’s industrial production rebounded 0.4
In the prior quarter, the GDP rose 0.2%. Moreover, the nation’s total trade deficit narrowed to £1.9 billion in June, from a revised deficit of £3.1 billion in the previous month. Market participants had expected the deficit to narrow to £2.5 billion.

Other data showed that, UK’s industrial production rebounded 0.4% on a monthly basis in June, recording its first rise in four months and compared to a revised drop of 0.2% in the prior month.

Markets had envisaged industrial production to rise 0.3%. Also, the nation’s manufacturing production advanced 0.4% on a monthly basis in June, higher than market expectations for a rise of 0.3%.

In the prior month, manufacturing production had registered a revised rise of 0.6%. Moreover, construction output unexpectedly rose 1.4% on a monthly basis in June. In the previous month, construction output had risen 2.9%.


 

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