Growth Q2

Second Estimate of GDP, Quarter 2 (Apr to June) 2015: ONS

  • UK GDP in volume terms was estimated to have increased by 0.7% between Quarter 1 (Jan to Mar) 2015 and Quarter 2 (Apr to June) 2015
  • GDP was estimated to have increased by 3.0% in 2014, compared with 2013
  • Between Quarter 2 2014 and Quarter 2 2015, GDP in volume terms increased by 2.6%
  • GDP in current prices was estimated to have increased by 0.7% between Quarter 1 2015 and Quarter 2 2015
  • GDP per head in volume terms was estimated to have increased by 0.5% between Quarter 1 2015 and Quarter 2 2015
  • Between 2013 and 2014, GDP per head increased by 2.3%

Growth

Gross Domestic Product: Preliminary Estimate, Quarter 2 (Apr to June) 2015

  • GDP is estimated to have increased by 0.7% in Quarter 2 (Apr to June) 2015 compared with growth of 0.4% in Quarter 1 (Jan to Mar) 2015.
  • Output increased in 2 of the main industrial groupings within the economy in Quarter 2 (Apr to June) 2015. Services increased by 0.7% and production increased by 1.0%. Construction growth was flat. In contrast agriculture decreased by 0.7%.
  • GDP was 2.6% higher in Quarter 2 (Apr to June) 2015 compared with the same quarter a year ago.
  • In Quarter 2 (Apr to June) 2015, GDP was estimated to have been 5.2% higher than the pre-economic downturn peak of Quarter 1 (Jan to Mar) 2008. From the peak in Quarter 1 (Jan to Mar) 2008 to the trough in Quarter 2 (Apr to June) 2009, the economy shrank by 6.0%.

UK economic growth slows

Gross Domestic Product Preliminary Estimate, Quarter 1 (Jan to Mar) 2015: ONS

  • GDP is estimated to have increased by 0.3% in Quarter 1 (Jan to Mar) 2015 compared with growth of 0.6% in Quarter 4 (Oct to Dec) 2014.
  • Output increased in services by 0.5% in Quarter 1 (Jan to Mar) 2015. The other 3 main industrial groupings within the economy decreased, with construction falling by 1.6%, production by 0.1% and agriculture by 0.2%.
  • GDP was 2.4% higher in Quarter 1 (Jan to Mar) 2015 compared with the same quarter a year ago.
  • In Quarter 1 (Jan to Mar) 2015, GDP was estimated to have been 4.0% higher than the pre-economic downturn peak of Quarter 1 (Jan to Mar) 2008. From the peak in Quarter 1 (Jan to Mar) 2008 to the trough in Quarter 2 (Apr to June) 2009, the economy shrank by 6.0%.

UK growth at 2.6%

Gross Domestic Product Preliminary Estimate, Q4 2014: ONS

  • GDP is estimated to have increased by 0.5% in Q4 2014 compared with growth of 0.7% in Q3 2014.
  • Output increased in two of the four main industrial groupings within the economy in Q4 2014. In order of their contribution, output increased by 0.8% in services and 1.3% in agriculture. In contrast, output decreased by 1.8% in construction and 0.1% in production.
  • GDP was 2.7% higher in Q4 2014 compared with the same quarter a year ago. GDP in 2014 as a whole was up 2.6% on 2013.
  • In Q4 2014 GDP was estimated to have been 3.4% higher than the pre-economic downturn peak of Q1 2008. From the peak in Q1 2008 to the trough in Q2 2009, the economy shrank by 6.0%.

Growth – but not as much as last quarter

Gross Domestic Product, Q3 2014

  • GDP increased by 0.7% in Q3 2014 compared with growth of 0.9% in Q2 2014.
  • GDP was 3.0% higher in Q3 2014 compared with the same quarter a year ago.
  • In Q3 2014 GDP was estimated to have been 3.4% higher than the pre-economic downturn peak of Q1 2008. From the peak in Q1 2008 to the trough in Q2 2009, the economy shrank by 6.0%