Steady growth in 2015 


The UK economy is growing, but only steadily, the latest official estimates show.


The economy, as measured by gross domestic product (GDP), expanded by 0.7% in the second quarter compared with the previous quarter, according to the second estimate from the Office for National Statistics. That’s higher than the 0.4% growth for the first quarter.


Production output increased by 0.7% in second quarter compared with the previous quarter, a revision down by 0.3 percentage points from the previously published estimate. Within the production subindustries, the largest component — manufacturing — decreased by 0.3%.


Between second quarter of last year and the second quarter of 2015, GDP increased by 2.6%. Again, this is unrevised from the previous estimate.


www.ons.gov.uk/ons/dcp171778_414601.pdf