This month’s headlines:
– UK GDP growth unrevised in Q2, the joint weakest in the G7 and the EU
– While UK labour market remains a bright spot, inflation resumes its upward trajectory
– BCC downgrades outlook for the UK economy with the fall in sterling failing to boost UK growth
UK GDP growth in Q2 was entirely due to growth in the service sector, with output from the other three main industrial groupings falling in Q2.
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