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Report published August 13, 2026

UK Q2 GDP Growth Analysis: Goldman Sachs Macroeconomic Report (August 2026)

Source and citation context

Report date
August 13, 2026
Analysis as of
Not stated in source

Authors / editors: James Moberly (Analyst)

Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Macro ThematicMacro Economic IndicatorsOther

UK GDP grew 0.4% in Q2, with stronger-than-expected June performance leading to an upward revision in the Q3 tracking estimate. However, growth is projected to soften in Q4 amid monetary policy headwinds.

Key Takeaways

  • 1.UK real GDP rose 0.4% QoQ in Q2, matching expectations, with June data showing unexpected 0.3% MoM strength.
  • 2.Q3 GDP tracking estimate raised to +0.3% QoQ from +0.1% due to the firmer June starting point.
  • 3.Growth expected to slow to +0.2% QoQ in Q4 due to ongoing monetary policy restrictions and weak disposable income growth.

Table of Contents

  • KEY NUMBERS:
  • MAIN POINTS:
  • Disclosure Appendix

Report data

Exhibit 1: Our Nowcasting Model Implies Growth of +0.3%qoq in Q3

MetricEstimateContext
Real GDP Growth0.4%Quarterly GDP growth
Q3 GDP Tracking Estimate0.3%Revised tracking estimate
Source: ONS; Goldman Sachs. This is a dated model snapshot, not a live forecast.

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Authors / Editors

James Moberly · Analyst

Reported Data Context

  • Real GDP Growth: 0.4 percent (Q2 2026) · Source: ONS
  • Q3 GDP Tracking Estimate: 0.3 percent (Q3 2026) · Source: Goldman Sachs

Themes

Macroeconomic GrowthMonetary Policy Impact

Regions

EuropeUnited Kingdom

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Goldman SachsMacro ThematicMacro Economic Indicators

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