UK second-quarter growth revised up to 0.5 percent
The UK’s real growth in April through June was revised from an initial 0.4 percent to 0.5 percent. Services and construction output rose, while production contracted; real household disposable income per person also increased during the quarter. The revision means the economy was slightly larger in that period than first calculated. The same national accounts lowered the estimate for growth across 2025, so the stronger latest quarter is only one part of the revised picture.
Economics & Markets··Midday
Second-quarter estimate moves higher
The UK economy grew 0.5 percent in April through June from the preceding quarter, according to revised national accounts. The first estimate had been 0.4 percent. The Office for National Statistics published the update, and the Guardian reported the same upward revision. The difference is 0.1 percentage points, not an additional 0.1 percent of annual growth. The new estimate places the level of output in the latest quarter slightly above the position implied by the earlier release. It remains a revision of a past quarter, not a new monthly acceleration.[1], [2]
Services and construction carry gains
On the output measure, services grew 0.6 percent and construction 0.8 percent from the previous quarter, while production contracted 0.1 percent. Output rose in 13 of 20 subsectors. The sector split gives the national revision some shape: expanding activity was not uniform across the economy. Real household consumption increased 0.3 percent over the quarter, while government consumption fell 0.5 percent. Each component contributes to the accounting picture, but a component’s growth rate is not itself a share of overall GDP growth.[1]
Household income and history also change
Real household disposable income per person increased 1.0 percent in the second quarter, following a decline in the first. The household saving ratio rose to 8.8 percent. At the same time, the statistics office revised its estimate for full-year 2025 growth down from 1.3 percent to 1.2 percent. The package therefore lifts the latest quarterly reading while changing the historical comparison in the opposite direction. New business surveys, tax-turnover information and seasonal-adjustment reviews entered the accounts; subsequent national-account releases may revise early estimates again.[1]
