• UK gross domestic product (GDP) grew by 0.7% in the three months to August 2018

Market news

10 October 2018

UK gross domestic product (GDP) grew by 0.7% in the three months to August 2018

Commenting on today's GDP figures, Head of GDP Rob Kent-Smith said:

"The economy continued to rebound strongly after a weak spring, with retail, food and drink production and housebuilding all performing particularly well during the hot summer months. However, long-term growth continues to lag behind its historical trend."

The services sector had a rolling three-month growth of 0.5%, resulting in a large positive contribution to headline GDP growth. The production industries and construction also had positive contributions to GDP growth, with rolling three-month growths of 0.7% and 2.9%, respectively.

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