Gary Yeowell
UK’s GDP expanded 0.70% in Q1 2024 over the previous quarter, more than consensus of 0.6%. This follows falls in the previous two quarters.
Compared with the same quarter a year ago, real GDP is estimated to have increased by 0.3% in Q1.
In output terms, services grew by 0.8% on the quarter with widespread growth across the sector; elsewhere the production sector grew by 0.6% while the construction sector fell by 0.6%.
In expenditure terms, there were increases in the volume of net trade and household spending, partially offset by falls in gross capital formation and government consumption.
ETFs: (FXB), (EWU), (FKU), (EWUS), (FLGB).
Currency: (GBP:USD)