POST Online Media Lite Edition


UK GDP contracts 0.2 percent in Q2

Christian Fernsby |
Britain's gross domestic product (GDP) contracted by 0.2 percent in Quarter 2 (Q2), unrevised from the previous estimate, the Office for National Statistics (ONS) said.

Article continues below

Topics: GDP    UK   

According to the ONS, the services sector continued to provide the main positive contribution to overall GDP growth, but slowed to its weakest rate in three years, alongside falls in the production and construction sectors in Q2.

With an upwardly revised rise of 0.6 percent in the first quarter, the British GDP has been volatile through the first half-year of 2019.

The ONS noted that the volatility largely reflecting changes in the timing of activity related to Britain's original planned exit date from the European Union in late March.