Gross domestic product expanded 6.6 percent in July from June, when it gained 8.7 percent, data published by the Office for National Statistics showed Friday. GDP was forecast to climb 6.7 percent.
"While it has continued steadily on the path towards recovery, the UK economy still has to make up nearly half of the GDP lost since the start of the pandemic," ONS director of economic statistics Darren Morgan said.
GDP was 11.7 percent lower than the pre-pandemic levels seen in February 2020.
In three months to July, GDP fell 7.6 percent from the previous three months.
As most sectors in the economy are open again there is little scope for further large rises in monthly GDP, an economist at Capital Economics, said.
On top of that, talk of tax rises at the next Budget, a further deterioration in the Brexit negotiations and a worrying rise in the number of virus cases and tighter social distancing restrictions will all conspire to slow the recovery even further, the economist added.
Data showed that the growth in services output eased to 6.1 percent in July from 7.7 percent in June.
At the same time, construction output advanced 17.6 percent, but slower than the 23.6 percent increase in June. Farm output grew only 1.1 percent.Likewise, industrial output rose 5.2 percent, slower than the 9.3 percent increase seen in the previous month. Manufacturing output advanced 6.3 percent.
Year-on-year, the decline in industrial production slowed to 7.8 percent in July from 12.5 percent. Manufacturing was down 9.4 percent versus a 14.6 percent drop in June.
Another report from the ONS showed that the visible trade deficit widened in July as exports decreased amid rising imports. The shortfall increased to GBP 8.63 billion in July from GBP 6.55 billion in June.
Exports fell 0.9 percent on month, while imports grew 5.8 percent in July.
The surplus on services decreased to GBP 9.7 billion from GBP 10.45 billion in the previous month. Consequently, the total trade surplus fell to GBP 1.07 billion from GBP 3.9 billion a month ago.
원저자가 모두 저작권을 보유한 RTTNews에서 재 인쇄 함.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.