'Growth becoming harder to come by': UK GDP expands 0.3% in Q2

Up 0.1% from Q1

clock • 2 min read

The UK's economy grew as expected by 0.3% between April and June, but commentators have warned weakening consumer spending has become a "real concern".

According to the Office for National Statistics, UK GDP growth was 0.3% during the second quarter of 2017, in line with expectations. This is up from 0.2% in the first quarter of the year, which was a significant fall from 0.7% recorded at the end of 2016. The ONS said growth during the quarter was largely driven by the services sector, which expanded 0.5% during the period, particularly retail and the thriving film industry. Today's results give a better indication of how the UK has performed since the Brexit referendum last June. It covers a period which included the UK General E...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read