News & analysis
UK GDP Growth Tops Forecasts as Quarterly Pace Quickens to 0.5%
Output rose faster than economists expected on both a quarterly and annual basis, with the yearly rate revised up to 1.4% from a prior 1.2% reading.
UK gross domestic product grew 0.5% from the prior quarter, exceeding a 0.4% forecast and quickening from a previously reported 0.4% pace.
Measured year on year, output expanded 1.4%, ahead of the 1.2% consensus estimate and also above the earlier 1.2% figure, indicating the annual growth rate was stronger than previously reported.
