UK GDP Growth Rate Unrevised at 0.3%

The British economy expanded 0.3% on quarter in Q2 2025, in line with the preliminary estimate and following a 0.7% growth in Q1. Growth was driven by services (0.4% vs 0.7% in Q1), mostly computer programming, consultancy and related activities (4.5%) and construction (1%) while the production sector fell by a faster-than-expected 0.8% (vs 0.6% in Q1), mostly electricity, gas, steam and air conditioning supply (-7.2%). On the expenditure side, household spending edged up 0.1% (vs 0.3%), driven by miscellaneous goods and services, transport, and restaurants and hotels. Government spending went up 1.3% (vs -0.2%) and gross fixed capital formation rose 0.5%, revised up from a first estimate fall of 1.1% and following a 1.9% gain in Q1. However, business investment shrank 1.1%, revised up from a fall of 4%, and compared to a 4% rise in Q1. Also, exports decreased (-0.2% vs 1.7%) and imports stalled (vs 1.2%). Year-on-year, the GDP expanded 1.4%, higher than 1.2% in the first estimate.