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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Business News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.