UK Gross Domestic Product: Regularly updated data on growth and forecasts.Jump to full report >>
The economy grew by 0.3% in Q2 2017 compared to the previous quarter, following growth of 0.2% in Q1 2017.
The ONS reports the growth in Q2 2017 was driven by services, which grew by 0.5% compared with 0.1% growth in Q1 2017. Construction and manufacturing were the largest downward pulls on GDP growth.
GDP in Q2 2017 was 1.7% higher than a year before.
GDP has now increased for 18 consecutive quarters and is estimated to have grown by 1.8% in 2016, compared to growth of 2.2% in 2015.
GDP in cash terms was £1,940 billion in 2016.
In September 2017, the Treasury survey of independent forecasts for GDP growth showed an average forecast of 1.6% for 2017 and 1.4% for 2018.
In March 2017, the Office for Budget Responsibility (OBR) forecast growth of 2.0% in 2017 and 1.6% in 2018.
Commons Briefing papers SN02783
Author: Feargal McGuinness
Topic: Economic situation