UK Q2 GDP revised down to 0.1%

Delivering its second and final revision, the ONS cut its previous estimate of 0.2% GDP growth in Q2, citing a bigger slowdown in growth in the services sector than previously announced. The ONS said service sector growth declined by 0.3%, worse than earlier estimates. It also revised growth figures from the first quarter down from 0.5% to 0.4%. Its revision was calculated using new data and a new methodology which it said had impacted on the numbers.