30.09.202606:12:39UTC+00UK Q2 GDP Growth Revised Higher to 0.5%

The UK economy grew by 0.5% quarter-on-quarter in Q2 2026, revised up from the initial estimate of 0.4%, after an expansion of 0.6% in Q1. Services output increased by 0.6% (down slightly from 0.7% in Q1), driven in particular by a 2.3% rise in professional, scientific and technical activities and a 2.5% increase in information and communication. Construction output also rose by 0.8%, supported by growth in both new work and repair and maintenance.

In contrast, production edged down by 0.1% (compared with a 0.3% rise in Q1), as declines in electricity, gas, steam and air conditioning supply, as well as in water, sewerage and waste management, outweighed gains in manufacturing and in mining and quarrying.

From the expenditure perspective, growth was mainly driven by net trade, with exports up 2.8% while imports were flat. Household consumption increased by 0.3%, and gross fixed capital formation rose by 0.9%. Government consumption, however, declined by 0.5%. On an annual basis, UK GDP expanded by 1.4%, accelerating from a revised 0.8% year-on-year increase in Q1.