UK Final GDP expands 0.2% QoQ in Q2 vs. 0.2% expected

Lallalit Srijandorn FXStreet

According to the latest data published by the UK’s National Statistics, the final Gross Domestic Product (GDP) for the second quarter came in at 0.2% QoQ, matching the initial estimate of 0.2% and following a 0.2% expansion in the previous reading.

Annually, the UK GDP expanded 0.6% in Q2 versus 0.4% expected, and a 0.4% increase seen in the previous quarter.

About the UK Gross Domestic Product (GDP)

The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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