UK Q2 Prelim GDP arrives at 0.4% q/q, bang on expectations

The UK GDP first estimate showed that the GDP figures came in at 0.4% q/q in the second quarter of 2018, double than 0.2% seen in the first quarter, while matching the expectations.

While on an annualized basis, the UK economy’s growth rate arrived at 1.3% in Q2, meeting the consensus forecasts of 1.3% while rising from a 1.2%.

Separately, the UK GDP monthly release showed that the economy expanded 0.1% in June versus 0.2% expected growth and 0.3% previous.