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May 25, 2018UK GDP Q1 2018 (SECOND ESTIMATE)
The Office for National Statistics' second estimate of UK Gross Domestic Product for Q1 2018 is an increase of 0.1 per cent or 0.4 per cent at an annualized rate, unchanged from the preliminary estimate. This represents the slowest growth since Q4 2012. Services were the main contributor to growth this quarter, increasing 0.3 per cent, while construction was the largest downward contributor, contracting by 2.7 per cent. Production increased 0.6 per cent with increases in electricity, gas, steam and air conditioning; mining and quarrying; and manufacturing but a decline in water supply industries.
Office for National Statistics