UK GDP unchanged after second estimate

The reporting period for this release covers Quarter 2 (Apr to June) 2016, and therefore includes data for a short period after the EU referendum. There is very little anecdotal evidence at present to suggest that the referendum has had an impact on GDP in Quarter 2 2016.

According to ONS, UK gross domestic product in volume terms was estimated to have increased by 0.6% between Quarter 1 (Jan to Mar) 2016 and Quarter 2 2016, unrevised from the preliminary estimate of gross domestic product published on 27 July 2016. This is the 14th consecutive quarter of positive growth since Quarter 1 2013.

Between Quarter 2 2015 and Quarter 2 2016, GDP in volume terms increased by 2.2%, unrevised from the previously published estimate.

GDP in current prices increased by 1.6% between Quarter 1 2016 and Quarter 2 2016.

GDP per head in volume terms was estimated to have increased by 0.4% between Quarter 1 2016 and Quarter 2 2016.

The post UK GDP unchanged after second estimate appeared first on forex-analytics.press.