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UK Q2 final GDP +0.5% vs +0.4% q/q prelim

investinglive.com · 4h · first reportShare

UK Q2 final GDP +0.5% vs +0.4% q/q prelim Prior (Q1) +0.6% UK Q2 final GDP +1.4% vs +1.2% y/y prelim Prior (Q1) +0.9% The breakdownIt is a mild revision higher to the initial estimate, reaffirming a more resilient UK economic picture in the second quarter. The services sector in particular held up relatively well, with output increasing by 0.6% during the quarter and estimated to be 1.7% higher compared with the same quarter a year ago. As this is the final estimate though, it doesn't add much to the present outlook for BOE expectations. As things stand, inflation data will matter much more in terms of the impact toward market expectations and pricing. What does the data measure?GDP measures the inflation-adjusted value of goods and services produced across the UK. This is the final Q2 estimate, incorporating more complete information than the preliminary release. Why does it matter to markets?GDP gives traders a broad read on how well the UK economy is coping with restrictive interest