UK gross domestic product was estimated to have increased by 0.4% in Q3

Market news

23 November 2017

UK gross domestic product was estimated to have increased by 0.4% in Q3

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 2 (Apr to June) and Quarter 3 (July to Sept) 2017, unrevised from the preliminary estimate of GDP.

Services remained the strongest contributor to GDP growth in Quarter 3 2017, with the components of the output approach broadly unrevised from the preliminary estimate.

The rate of growth in household final consumption expenditure strengthened to 0.6% between Quarter 2 and Quarter 3 2017, with car purchases recovering somewhat from a low Quarter 2.

Business investment growth softened to 0.2% between Quarter 2 and Quarter 3 2017.

GDP per head was estimated to have increased by 0.3% between Quarter 2 and Quarter 3 2017.

UK gross fixed capital formation increased by 0.2% to £81.4 billion in Quarter 3

United Kingdom: Business Investment, q/q, Quarter III 0.2% (forecast 0.4%)

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