The UK economy grew faster than expected in July, with official figures showing an expansion of 0.4% during the month.
The increase was stronger than forecasts from economists, who had expected the economy to record no growth. The figures indicate that output rose in July rather than remaining flat as anticipated.
The data provides a snapshot of the economy’s performance at the start of the period covered, showing a monthly rise of 0.4%. No further detail was supplied on which parts of the economy contributed to the increase.
The result is significant because it exceeded expectations and points to stronger-than-forecast economic activity in July. The latest known position is that official figures record growth for the month, while economists had previously predicted stagnation.
