Tuesday, 02 January 2024 12:17 GMT

UK Economy Records Zero Growth In July


(MENAFN- Kuwait News Agency (KUNA)) LONDON, Sept 12 (KUNA) --The UK economy failed to grow in July, according to the latest official figures.
The Office for National Statistics (ONS) said the economy saw zero growth in the month, following a 0.4 percent expansion in June.
However, monthly figures are volatile, and over the three months to the end of July, the economy grew by 0.2 percent compared with the previous three months, the ONS said.
The government is under mounting pressure to deliver on its key priority of boosting economic growth ahead of the Budget on 26 November.
The UK's statistics body said the service sector performed well, helped by the health sector, computer programming and office support services.
However, this was offset by a weak performance in the manufacturing sector.(end)
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