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Britain’s Economy Unexpectedly Grew 0.4% in July
Services, production and construction lifted output as economists had expected no growth, while year-on-year GDP rose 1.6%, the fastest annual pace since February 2025.
- Britain's economy expanded by 0.4% in July, surpassing economists' predictions of no growth, according to figures The ONS released on Friday.
- This performance extends momentum from the first half of 2026, when Britain's economy grew by 1%, the fastest growth among the Seven large advanced economies.
- Output rose 1.6% annually, the fastest rate since February 2025, as expansion in services, production, and construction sectors contributed to growth following 0.3% in June.
- Governor Andrew Bailey told a parliament committee earlier this week that economic data had come in "a bit stronger" than expected, referencing the Bank's 1.1% annual growth forecast.
- The Bank projects inflation will rise to around 3.2% later this year as ongoing conflict pushed oil prices above $105 a barrel, pressuring government borrowing costs.
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This increase, announced on Friday by the National Statistical Office (ONS), comes after a contraction in April (-0.1%), zero growth in May (0.0%) and a return to growth in June (0.3%). It is well above market expectations, which was stagnating. "The British economy is showing welcome resilience, despite serious global uncertainties. Our growth, although still fragile, was the fastest of the G7 in the first half of the year," said Finance Minist…
·Issy-les-Moulineaux, France
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The UK economy recorded an unexpected increase in July, driven by the dynamism of the computer industry and artificial intelligence.
·France
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Total News Sources43
Leaning Left3Leaning Right10Center10Last UpdatedBias Distribution44% Center, 43% Right
Bias Distribution
- 44% of the sources are Center, 43% of the sources lean Right
44% Center
13%
C 44%
R 43%
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