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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.