30th Sep 2024 07:17
(Alliance News) - UK's economic growth was weaker than initially anticipated, data published by the Office for National Statistics showed Monday.
UK's gross domestic product expanded by 0.5% in the second quarter compared to the first, slower than the ONS's first estimate of 0.6%. This also was slower than 0.7% in the first quarter.
Year-on-year, UK's GDP increased by 0.7% in the second quarter, weaker than the FXStreet-cited market consensus, which had anticipated annual economic growth of 0.9%.
By Tom Budszus, Alliance News slot editor
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