The UK economy grew at a rate of 0.3% in the second quarter, down from 0.7% in the first quarter. This growth exceeded predictions of a slowdown to 0.1%. Services led this growth, notably in computer programming, health, and vehicle leasing, although construction also increased while production saw a slight decline. Economic growth returned in June at 0.4% after two months of negative output in April and May. Overall, the figures suggest underlying economic conditions remain fragile despite the positive growth indicators.
"Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June."
"A modest rebound in June brought Q2 to a positive close but today's figures confirm that the strong growth seen earlier this year was a one-off and underlying conditions remain fragile."
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