- Prior 0.0%
- Services +0.1% vs +0.2% m/m expected
- Prior -0.1%
- Industrial output -0.8% vs +0.3% m/m expected
- Prior +0.8%
- Manufacturing output -1.0% vs +0.2% m/m expected
- Prior +1.1%
- Construction output -0.4% vs +0.4% m/m expected
- Prior +0.5%
The readings above are all a miss on estimates, as the UK economy stagnated in the month of July. Looking at the breakdown, services contributed 0.11% to GDP on the month but that was offset by a 0.10% decline in production and 0.03% fall in construction. After having already stagnated in June as well, the UK economy is starting to see slower times now in Q3.
