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Macro

UK Q2 GDP Revised Up to 0.5% QoQ, Beating Forecasts

UK second-quarter GDP grew 0.5% quarter-on-quarter in the final reading, the Office for National Statistics data showed, above the 0.4% expected and the 0.4% preliminary estimate. The revision marks a stronger-than-first-reported pace for the UK economy in the three months through June.

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AI take

The upward revision matters less for the headline growth rate than for what it signals about the durability of UK momentum heading into the second half. A firmer Q2 base complicates the case for near-term easing, since policymakers now confront an economy that was already running above initial estimates. The open question is whether this revision reflects genuine resilience or a one-off boost that fades in the current quarter.

Generated by AI for reference only.

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