UNITED KINGDOM

摘要

Revised data from the ONS show that the economy expanded 0.7％ (q-o-q) in Q2 following an initial 0.6％ estimate. This revision stemmed largely from upgrades to manufacturing and construction output which advanced by 0.7％ (q-o-q) and 1.4％, respectively. The expenditure-based breakdown of the Q2 national accounts reported a 0.4％ (q-o-q) increase in household consumption while gross fixed capital formation accelerated modestly to 1.7％. Net trade also bolstered activity as exports of goods and services surged by 3.6％ (q-o-q), their largest rise since Q4 2011. Robust services output has driven growth this year, and the largest jump in new business since May 1997 helped the PMI forthe sectorclimb to 60.5 in August.