UK final GDP contracts 0.2% m/m in Q2, meets estimates – Cable keeps 1.2300

The UK GDP second estimate showed that the economy contracted by 0.2% q/q in the second quarter of 2019, the same as that seen in the first readout while matching the consensus forecasts.

While on an annualized basis, the UK economy’s growth rate arrived at 1.3% in Q2, beating the expectations of 1.2% and up from 1.2% previous reading.