UK economy grows faster than first estimated in Q2

(Sharecast News) - The UK economy grew faster than first estimated in the second quarter, according to figures released on Wednesday by the Office for National Statistics. The economy grew 0.5% in April to June, up from a previous estimate of 0.4% and following 0.6% growth in the first quarter. Economists were expecting growth to be unrevised.

The services sector grew by 0.6%, the construction sector by 0.8% and the production sector by 0.1%.

ONS director of economic statistics Liz McKeown said: "Today's figures include our annual improvements to the measurement of the economy, incorporating new information that provides a better picture of activity across the UK's service sector, alongside the usual inclusion of updated and improved data sources.

"Growth for 2025 as a whole was a little lower than previously estimated, with the profile of growth across the quarters also revised.

"However, stronger services growth in the latest quarter means the economy is now slightly larger than previously estimated."