UK GDP bounced back slightly with 0.2% growth in July despite growing cost-of-living concerns, according to the Office for National Statistics (ONS).
The groth followed a decline in GDP back in June of 0.6% with the main driver of being the services sector, which added 0.4%, boosted by the UK hosting the Union of European Football Associations' Women's Championship. Production fell by 0.3% however, which the ONS said was due to a decline in electricity, gas, steam and air conditioning supply. GDP was broadly flat in the three months to July, versus the previous three months. Quilter Investors chief investment officer Marcus Brookes said: "Rather surprisingly UK growth bounced back in July after a disappointing figure in June, e...
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