UK Q2 GDP growth doubled in JuneStaff 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.
Britain UK’s industrial production rebounded 0.4
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%. ■