2024 Q2 UK GDP growth revised down to 0.5% due to manufacturing and construction declines.

The UK's GDP growth for the second quarter of 2024 was revised down to 0.5%, from an initial estimate of 0.6%, according to the Office for National Statistics. The services sector grew by 0.6%, but declines in manufacturing and construction hindered overall growth. Household disposable income increased by 1.3%, and the saving rate rose to 10%. Recent data shows no growth for June and July, highlighting ongoing economic challenges.

September 30, 2024
73 Articles

Further Reading