UK Q2 preliminary GDP +zero.three% vs +zero.1% q/q anticipated
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- Prior +zero.7%
- GDP +1.2% vs +1.zero% y/y anticipated
- Prior +1.three%
A stronger June month in all sectors helped to underpin financial progress in Q2, after what has been a extra sluggish April and Might earlier than that. The BOE can take coronary heart within the report right here because it does enable them added flexibility almost about their coverage stance. The main points present a big decline in enterprise funding on the quarter although, down four% in comparison with Q1. So, that is a notable draw back bullet level to the report.
This text was written by Justin Low at investinglive.com.
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