FOREX TradingCharts.com

Financial News: UK GDP Recovers In July

UK GDP Recovers In July

09/12/2022 - 02:47:00 (RTTNews)

(RTTNews) - The UK economy expanded in July underpinned by the rebound in the service sector, data from the Office for National Statistics showed Monday.

Gross domestic product grew 0.2 percent in July, in contrast to a fall of 0.6 percent in June. GDP was forecast to expand 0.3 percent.

Monthly GDP is estimated to be 1.1 percent above its pre-coronavirus levels.

GDP was flat in the three months to July compared with the previous three months.

On the production side, services output expanded 0.4 percent in July, reversing a 0.5 percent drop in June. The largest contributor to the services growth was information and communication, which grew 1.5 percent.

Industrial production logged a decline of 0.3 percent after a 0.9 percent drop in June. Economists had forecast a monthly growth of 0.4 percent. Manufacturing rose only 0.1 percent, with a mixed performance across the sub-sectors. Manufacturing was also forecast to climb 0.4 percent in July.

At the same time, construction declined 0.8 percent, after a fall of 1.4 percent a month ago, data showed.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Job Placement Growth At 19-Month Low: Report On Jobs (14 min(s), 28 sec(s) ago)
(RTTNews) - UK job placements expanded at the weakest pace in over a year-and-a-half in September ...Full Story»

German Industrial Production Shrinks; Retail Sales Fall (30 min(s), 28 sec(s) ago)
(RTTNews) - Germany's industrial production declined more than expected in August as raw mater ...Full Story»

UK House Price Inflation At 8-Month Low : Halifax (45 min(s), 28 sec(s) ago)
(RTTNews) - UK house price inflation eased for the third straight month in September to the lowest ...Full Story»

Australia's Financial System Remains Resilient: RBA (01 hr(s), 45 min(s), 28 sec(s) ago)
(RTTNews) - Australia's financial system remained resilient and well positioned to support the ...Full Story»

Japan Leading Index Rises In August (01 hr(s), 54 min(s), 28 sec(s) ago)
(RTTNews) - Japan's leading index improved for the first time in four months in August, prelim ...Full Story»

European Economics Preview: Germany Industrial Output Data Due (04 hr(s), 13 min(s), 28 sec(s) ago)
(RTTNews) - Industrial production and retail sales from Germany and house prices from the UK are d ...Full Story»

Japan Household Spending Rises 5.1% On Year In August (16 min(s), 32 sec(s) ago)
(RTTNews) - The average of household spending in Japan was up 5.1 percent on year in August, the M ...Full Story»

South Korea Has $3.05 Billion Current Account Deficit In August (51 min(s), 32 sec(s) ago)
(RTTNews) - South Korea posted a current account deficit of $3.05 billion in August, the Bank of K ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Job Placement Growth At 19-Month Low: Report On Jobs

10/07/2022 - 04:06 AM (RTTNews)
(RTTNews) - UK job placements expanded at the weakest pace in over a year-and-a-half in September ...Full Story>>

German Industrial Production Shrinks; Retail Sales Fall

10/07/2022 - 03:50 AM (RTTNews)
(RTTNews) - Germany's industrial production declined more than expected in August as raw mater ...Full Story>>

UK House Price Inflation At 8-Month Low : Halifax

10/07/2022 - 03:35 AM (RTTNews)
(RTTNews) - UK house price inflation eased for the third straight month in September to the lowest ...Full Story>>

Australia's Financial System Remains Resilient: RBA

10/07/2022 - 02:35 AM (RTTNews)
(RTTNews) - Australia's financial system remained resilient and well positioned to support the ...Full Story>>

Japan Leading Index Rises In August

10/07/2022 - 02:26 AM (RTTNews)
(RTTNews) - Japan's leading index improved for the first time in four months in August, prelim ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.