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GDP contracts by 0.2% in Q2.................>

UK DATA
UK DATA: GDP contracts by 0.2% in Q2
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- Q2 GDP -0.2% Q/Q; +1.2% Y/Y  (BBG & MNI: 0.0% q/q; 1.4% y/y)
- JUN GDP 0.0% M/M; +1.0% Y/Y; -0.2% 3M/3M; 1.3% 3M Y/Y
- JUN INDEX OF SERVICES +0.0% M/M; +0.1% 3M/3M; +1.4% Y/Y
- JUN INDUSTRIAL PRODUCTION -0.1% M/M; -0.6% Y/Y
- JUN MANUFACTURING -0.2% M/M; -1.4% Y/Y
- JUN TOTAL TRADE SURPLUS STG1.779BN VS -STG2.002BN MAY
- JUN GLOBAL GOODS TRADE GAP STG7.009BN VS STG10.695BN MAY
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After Q1's Brexit related surge in quarterly growth, GDP contracts by 
0.2% q/q in Q2 which is the lowest level since Q4 2012, leaving the 
annual rate at at five months low. June saw a record high trade surplus, 
boosted by non-monetary gold factors. Services continued to stagnate, 
with a fourth straight month of no growth. Production, manufacturing and 
construction all weighed on growth in June. 

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