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πŸ‡¬πŸ‡§ UK GDP beat forecast, but the strength is sitting in the wrong place

πŸ‡¬πŸ‡§ UK GDP beat forecast, but the strength is sitting in the wrong place

UK GDP rose 0.4% quarter-on-quarter in Q2, beating consensus. But a volatile 1.7% jump in business investment did most of the work, while manufacturing fell and the trade deficit widened to Β£23.01bn, according to the UK's national statistics office.

Infographic of UK GDP growth April–June 2026: GDP up 0.4%, Services up 0.5%, Production flat 0.0%, Construction up 0.3%.
The ONS first estimate attributes virtually all of Q2's 0.4% UK expansion to services and construction, with production contributing nothing. Source

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