UK July monthly GDP 0.0% vs +0.2% m/m expected

• Prior 0.0%
• Services +0.1% vs +0.2% m/m expected
• Prior -0.1%
• Industrial output -0.8% vs +0.3% m/m expected
• Prior +0.8%
• Manufacturing output -1.0% vs +0.2% m/m expected
• Prior +1.1%
• Construction output -0.4% vs +0.4% m/m expected
• Prior +0.5%

The readings above are all a miss on estimates, as the UK economy stagnated in the month of July. Looking at the breakdown, services contributed 0.11% to GDP on the month but that was offset by a 0.10% decline in production and 0.03% fall in construction. After having already stagnated in June as well, the UK economy is starting to see slower times now in Q3.

This article was written by Justin Low at www.forexlive.com.