05:51 AM EDT, 09/30/2026 (MT Newswires) -- The UK economy grew 0.5% in the second quarter, faster than initially expected, as revisions boosted performance in the services sector as well as export volumes, final data from the Office for National Statistics showed Wednesday. The revised figure comes in above the preliminary 0.4% estimate and follows a 0.6% gain in the first quarter. On an annual basis, the British economy expanded 1.4% in the three-month period, above the flash estimate of a 1.2% increase and following a revised 0.8% rise earlier. "Today's figures include our annual improvements to the measurement of the economy, incorporating new information that provides a better picture of activity across the UK's service sector, alongside the usual inclusion of updated and improved data sources," ONS Director of Economic Statistics Liz McKeown said. ONS data showed that output in services grew 0.6% in the second quarter, upwardly revised from the initial 0.5% figure and following a revised 0.7% growth in the prior quarter. The main positive contributors were the professional, scientific and technical activities, along with the information and communication subsectors. Construction output increased by 0.8% in the quarter, up from the preliminary estimate of a 0.3% gain and the 0.2% uptick in the previous three months. Conversely, the production industry saw a 0.1% dip in output, revised down from a flat initial forecast and following a 0.3% increase in the first quarter. Meanwhile, a rise in net trade lifted UK expenditure by 0.5% in the second quarter. Total export volumes were revised up to 2.8% growth from the first estimate of 0.5% gain. The expansion was primarily due to a 3.7% increase in goods exports and a 2% growth in services exports.

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