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No Revision In Uk Q2 Gdp - Still At 0.2%

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Construction output rose by 0.5 percent in the second quarter, official data showed on Friday, leaving the preliminary estimate for gross domestic product growth unchanged.

The Office for National Statistics said construction output rose at the same rate on the quarter that it had assumed when it calculated preliminary GDP data released last month. Year-on-year, construction output fell by 1.6 percent, compared to a first estimate of a 1.4 percent contraction.

The ONS had incorrectly stated earlier on Friday that construction output rose by 2.3 percent in the second quarter, giving a 0.8 percent annual increase.

Construction makes up about 6 percent of the British economy. Weaker than expected second-quarter industrial output data is expected to trim about 0.03 percentage points of the preliminary 0.2 percent estimate of Q2 GDP growth.

Yet more great news for the recovery we are still at the light speed recovery at 0.2%, doesn't the UK economy need 2%+ to actually be creating jobs?

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  • 439 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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