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3 clusters · 50 sources · 30 days · First seen · Last updated

Global economic growth trends in UK and US

Overview

Economic indicators in the United Kingdom and the United States show growth driven largely by the technology and services sectors. In the United Kingdom, the economy expanded by 0.4% in the second quarter of 2026. While this was a slowdown from the 0.6% growth seen in the first quarter, the services sector remained a primary driver, growing by 0.5% during the quarter. In June, the economy unexpectedly grew by 0.3%, surpassing expectations of flat output, aided by warmer weather and a temporary respite in energy price pressures. The information and communications sector accounted for nearly half of the total expansion, with computer programming and consultancy activities growing by 3.7% due to ICT equipment investment reaching £22.1 billion. However, Treasury modelling warns that continued disruptions in the Strait of Hormuz could slow UK GDP growth to 0.3% in 2027. Recent data shows continued resilience in the British economy, with GDP growing by 0.4% in July, exceeding forecasts that had predicted stagnation. This growth was primarily driven by a 0.4% rise in the services sector, specifically within computer programming, consultancy, and technology-related activities such as cloud computing and artificial intelligence. Additionally, manufacturing saw a notable rebound with a 0.9% month-on-month increase in output. This performance marks the eighth consecutive three-month expansion, and the UK recorded a 1% expansion in the first half of 2026, making it the fastest-growing economy among the G7 nations. While the services sector remains the primary engine, the Office for National Statistics noted a decline in wholesale and retail trade. In the United States, economists have raised third-quarter growth forecasts to an annualized rate of 2.5%, up from a previous estimate of 2%.

Entities

Liz McKeown · Bank of England · John Healey · United Kingdom · Office for National Statistics

Timeline

  1. about 8 hours ago

    [BUSINESS] 13 sources
    UK economy grows 0.4% in July, beating forecasts

    The UK economy grew by 0.4% in July, beating forecasts. Growth was driven by the services sector, artificial intelligence, and a manufacturing rebound, making the UK the fastest-growing G7 economy in early 2026

  2. 22 days ago

    [BUSINESS] 4 sources
    US economic growth forecasts rise on AI investment and spending

    US economic growth forecasts for the third quarter have been raised to 2.5% due to rising consumer spending and massive investments in artificial intelligence, while business activity hits a 52-month high.

  3. 30 days ago

    [BUSINESS] 33 sources
    UK economy grows 0.4% in Q2 2026 amid tech boom

    The UK economy grew 0.4% in Q2 2026, driven by services and an AI-related tech boom. June saw an unexpected 0.3% rise aided by the World Cup and warmer weather, despite geopolitical risks in the Middle East.

Sources

aberdeenbusinessnews.co.uk · actionforex.com · agf.org.uk · aisj.org · alborsaanews.com · bermudabroadcasting.com · bitcoinethereumnews.com · bmmagazine.co.uk · bundesverband.de · caminodesantiago.lavozdegalicia.com · capital.gr · cde.news · cfodive.com · cityam.com · constructionnews.co.uk · credit-connect.co.uk · dailybusinessgroup.co.uk · dunya.com · ekz.ch · eveningstandard.co.uk · fineartandyou.com · fxstreet.cz · halktv.com.tr · independent.co.uk · influencermagazine.uk · infomediaire.net · insider.gr · kowchecking.com · laatumedia.fi · labourlist.org · lancashiretimes.co.uk · mix929.com · mortgagestrategy.co.uk · newmoney.gr · nezavisen.mk · oz.kurzy.cz · radiolac.ch · schoolgen.co.nz · scottishbusinessnews.net · slovenskenovice.si · smartcurrencybusiness.com · sportguide.ch · techbullion.com · techdigest.tv · thetaiwantimes.com · toray.co.jp · wixx.com · wkzo.com

This summary has been updated 3 times: see revision history