UK economy contracts by larger-than-expected 0.5% in July – ONS

UK economy contracts by larger-than-expected 0.5% in July – ONS

UK economy contracts by larger-than-expected 0.5% in July - ONSWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>WORLD>UK and Europe>UK economy contracts by ...PHOTOBritish economic output contracted by a larger-than-expected 0.5% in July, figures from the Office for National Statistics showed on Wednesday, marking the biggest drop this year.A Reuters poll of economists had pointed to a contraction in gross domestic product (GDP) of 0.2% from June.All major sectors of the economy - services, manufacturing and construction - declined in July, the data showed.Wednesday's data do not include recent, substantial upward revisionsto the performance of Britain's economy up to the end of 2021. (Reporting by Andy Bruce and David Milliken; editing by William James)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for,