Live Comments UK Q1 GDP finalized at 0.5%, services the largest contributor

    UK Q1 GDP finalized at 0.5%, services the largest contributor

    UK Q1 GDP was finalized at 0.5% qoq, 1.8% yoy, unrevised. Services output rose 0.4%, production rose 1.1% while construction rose 1.4%.

    Services sector provided the largest contribution to growth in the output approach to measuring GDP, while production also contributed positively, due largely to growth of 1.9% in manufacturing output.

    Household expenditure, government consumption and investment contributed positively to GDP growth in Quarter 1 2019, while net trade contributed negatively.

     

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