{"id":670354,"date":"2026-05-14T12:25:11","date_gmt":"2026-05-14T12:25:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/670354\/"},"modified":"2026-05-14T12:25:11","modified_gmt":"2026-05-14T12:25:11","slug":"uk-q1-preliminary-gdp-0-6-vs-0-6-q-q-expected","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/670354\/","title":{"rendered":"UK Q1 preliminary GDP +0.6% vs +0.6% q\/q expected"},"content":{"rendered":"<p>Prior +0.1%GDP +1.1% vs +0.8% y\/y expectedPrior +1.0%<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">That&#8217;s a solid showing by the UK economy in the first quarter of the year, helped by <a href=\"https:\/\/investinglive.com\/news\/uk-q1-preliminary-gdp-06-vs-06-qq-expected-20260514\/\" target=\"_blank\" class=\"article-link\" data-v-6bf95c48=\"\" rel=\"nofollow noopener\">a strong performance in March<\/a> despite the challenges from rising energy prices. Services output was the biggest contributor, increasing by 0.8% in Q1 2026. That compares with the 0.2% growth in the same sector in Q4 2025. And even compared to the same quarter a year ago, services output was higher by 1.4%.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Of note, non-consumer-facing services (business-facing services) grew by 0.7%, while consumer-facing services grew by 0.8%.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Besides that, household consumption also showed a notable increase in the first quarter (+0.35%) which is a marked improvement from the final quarter of last year (+0.07%).<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">All in all, the report suggests that it was all fun and games for the UK economy in Q1. That as economic conditions enjoyed a period of resilience and solid performance. However, now is when the real challenge begins in having to deal with the fallout from the US-Iran conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"Prior +0.1%GDP +1.1% vs +0.8% y\/y expectedPrior +1.0% That&#8217;s a solid showing by the UK economy in the&hellip;\n","protected":false},"author":2,"featured_media":514118,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-670354","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/670354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=670354"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/670354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/514118"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=670354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=670354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=670354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}