June’s stronger-than-expected growth lifts UK GDP 0.3% month-on-month, driven by a 0.4% rise in services output.
The UK economy grew 0.3% in June, exceeding forecasts of no growth, as the services sector expanded 0.4% month-on-month. Industrial and manufacturing output declined, while construction remained weak, offset by gains in professional and consumer-facing services.
May’s GDP was revised down to 0.0% from 0.1%, contrasting with June’s surprise uptick. Q2 GDP is estimated to grow 0.4% quarter-on-quarter, supported by the services sector’s resilience, particularly in scientific research and retail trade.
The data highlights a mixed recovery, with services carrying the bulk of growth while production and construction lag. No immediate market reaction was reported.