UK grows 0.6% in Q2<\/h2>\n<\/header>\n
Newsflash: The UK economy grew by 0.6% in the second quarter of the year, as it continues to pull away from last year\u2019s shallow recession.<\/strong><\/p>\n That\u2019s a slight slowdown on the first quarter, where the economy expanded by 0.7%, but still a healthy growth rate \u2013 and in line with expectations.<\/p>\n The Office for National Statistics reports that the services sector drove growth, while the production sector and construction both shrank slightly.<\/p>\n GDP is estimated to have grown 0.6% in Quarter 2 (Apr to June) 2024, following growth of 0.7% in Quarter 1 (Jan to Mar).<\/p>\n Services (+0.8%) grew while production (-0.1%) and construction (-0.1%) both contracted.<\/p>\n Read GDP first quarterly estimate, UK \u27a1\ufe0f https:\/\/t.co\/h1NTYmpipY<\/a> pic.twitter.com\/cOj8VlAp6x<\/a><\/p>\n \u2014 Office for National Statistics (ONS) (@ONS) August 15, 2024<\/a><\/p><\/blockquote>\n<\/div>\n <\/gu-island><\/figure>\n Compared with a year ago, real GDP is estimated to have increased by 0.9%.<\/p>\n\n