Latest news with #quarterly figures
Yahoo
5 days ago
- Business
- Yahoo
UK economic growth slows to 0.3 pr cent in second quarter of 2025
Growth in the UK economy slowed to 0.3% in the second quarter of this year, new official figures show. However, the figure was stronger than the 0.1% level widely expected by economists after an uptick in activity in June and revised data for earlier in the quarter. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.3% for the quarter, after 0.7% growth in the first three months of the year. It came after the economy grew by 0.4% in June. READ MORE: Scottish economy hits 'high point' Scotland second top on one measure, second last on another More economic trouble is coming. And there's only one possible escape route ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. 'The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. 'Across the second quarter as a whole, growth was led by services, with computer programming, health and vehicle leasing growing.'
Yahoo
5 days ago
- Business
- Yahoo
UK economic growth slows to 0.3% in second quarter of 2025
Growth in the UK economy slowed to 0.3% in the second quarter of this year, new official figures show. However, the figure was stronger than the 0.1% level widely expected by economists after an uptick in activity in June and revised data for earlier in the quarter. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.3% for the quarter, after 0.7% growth in the first three months of the year. It came after the economy grew by 0.4% in June. ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. 'The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. 'Across the second quarter as a whole, growth was led by services, with computer programming, health and vehicle leasing growing.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
