UK Economy Grows 0.4 Percent in July as Services Drive Expansion
Economists say the stronger July performance gives Chancellor John Healey a boost ahead of his first Budget statement in October.
TL;DR
- The UK economy grew by 0.4 percent in July.
- Services, production, and construction sectors all expanded.
- This growth follows a 0.3 percent increase in June and a flat performance in May.
- Real GDP grew by 0.4 percent in the three months to July compared to the previous three-month period.
- Chancellor John Healey noted the economy's resilience despite external pressures.