Monthly output in the United Kingdom increased 0.4 per cent in July, after a 0.3 per cent gain in June and a standstill in May. The three-month comparison also printed 0.4 per cent, an eighth consecutive rise. Services, production and construction each advanced in the month. The Guardian reported that City economists had forecast zero growth for July.
Gross domestic product in the United Kingdom rose 0.4 per cent in July on the Office for National Statistics measure. June had printed a 0.3 per cent gain and May had recorded no growth. The Guardian carried the same July figure as a result that sat above a City forecast of zero growth. The monthly sequence therefore moved back into expansion for a second successive month after the standstill at the start of summer.[1], [2]
Services rose 0.4 per cent in July, production 0.2 per cent and construction 0.1 per cent. The three-month comparison is less even: against the three months to April, services output grew 0.6 per cent while production fell 0.5 per cent and construction fell 0.5 per cent. Production had been flat in the three months to June and construction had grown 0.3 per cent. The 0.4 per cent three-month reading matches the June print and sits below the 0.6 per cent recorded for the three months to May.[1]
Output over the three months to July grew 0.4 per cent, which the Office for National Statistics logged as the eighth consecutive three-month-on-three-month rise. The Guardian also carried that 0.4 per cent three-month figure and put the July services increase at 0.4 per cent. It named admin services and computer programming and consulting among the service lines that stood out.[1], [2]
