The UK economy logged a surprise growth in the second quarter as the fall in net trade was offset by the growth in household spending and government consumption. In the second quarter, gross domestic product registered a sequential growth of 0.2 percent, following a 0.1 percent rise in the previous quarter, the Office for National Statistics reported Friday. Economists were looking for stagnation in the second quarter.
However, the level of quarterly GDP was 0.2 percent below its pre-coronavirus level in the fourth quarter of 2019.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.