- Prior +0.7%
- GDP +1.2% vs +1.0% y/y expected
- Prior +1.3%
A stronger June month in all sectors helped to underpin economic growth in Q2, after what has been a more sluggish April and May before that. The BOE can take heart in the report here as it does allow them added flexibility with regards to their policy stance. The details show a significant decline in business investment on the quarter though, down 4% compared to Q1. So, that's a notable downside bullet point to the report.
