UK Q2 GDP growth revised up to 0.5% due to stronger services and exports
UKPulse Money Desk
The UK's Gross Domestic Product (GDP) growth for the second quarter has been revised upwards to 0.5%. This revision is attributed to stronger performance in the services sector and exports.
- UK Q2 GDP growth revised up to 0.5%
- Revision driven by stronger services
- Exports also contributed to the revised growth
The UK's Gross Domestic Product (GDP) growth for the second quarter of the year has seen an upward revision, now standing at 0.5%. This improved figure is primarily a result of stronger activity within the services sector.
Additionally, increased exports played a role in the revised growth for the second quarter.