Key Events
Rachel Reeves: Better than expected GDP, it’s “positive” but “more to do”
Rachel Reevesthis headmasterwelcomes more than expected GDP growth figures.
However, this is not an exciting celebration, perhaps taking into account all the uncertainty in the global economy.
She said:
Today’s economic figures are positive, starting a strong start in the second quarter and continuing to grow. But there is more to be done to provide an economy to the laboured workers.
I know that the UK economy is a key element of success, but feel trapped for too long.
That’s why we are investing in rebuilding the national infrastructure, reducing the traditional Chinese tape festival to build the UK again and raising the national minimum wage to earn work paychecks. There is more to do, and today’s numbers will only intensify my ambitions to achieve our plan of change.
UK GDP grew 0.3% in the second quarter, thanks to a surprise acceleration in June
Good morning, welcome to our on-site coverage of business, economic and financial markets.
The UK economy grew 0.4% in June, according to new data, which helped end the second quarter with more than expected output.
UK output rose 0.3% in the second quarter of 2025, The National Bureau of Statistics says. That’s higher than 0.1% expected by economists who voted by Reuters.
The rate of growth that exceeded expectations depends on performance in the services and construction sectors, which grew 0.4% and 1.2% in the quarter, respectively, despite a decline in output, including manufacturing.
Real GDP is estimated to have increased by 0.2% in the latest quarter, up 0.7% from the same quarter a year ago.
Still, this was a slowdown compared to the first quarter, when the UK economy grew by 0.7%. Economists expect slower growth due to Donald Trump’s trade war, which leads to The second quarter after the announcement of “Liberation Day” on April 2.
Given the recent July index data from Purchasing Managers show whether the construction department’s help can be maintained Steep descent in British housing construction.
This morning, we will have all reactions to GDP figures.
Agenda
-
BST 10 am: The second estimate of the euro zone GDP growth rate (second quarter; previous: 0.6% quarter quarter; consensus: 0.1%)
-
BST 10 am: Eurozone industrial production (June; previous: 1.7% month; consensus: -1%)
-
BST at 1 pm: Price inflation of US producers (July; Previous: 0%; Consensus: 0.2%)
Health & Wellness Contributor
A wellness enthusiast and certified nutrition advisor, Meera covers everything from healthy living tips to medical breakthroughs. Her articles aim to inform and inspire readers to live better every day.
