UK June monthly GDP +0.5% vs +0.2% m/m expected

  • Latest data released by ONS - 11 August 2023
UKGDP
  • Prior -0.1%

The beat here is helping to carry the Q2 GDP figures as well and looking at the breakdown, services contributed 0.16%, production 0.25%, and construction 0.11% on the month. The improvement in the services sector is a positive at least, after having stagnated in May.

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