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Q2 Services Sluggish as Finance Extends.....>

UK DATA
UK DATA: Q2 Services Sluggish as Finance Extends Slump
- UK Q2 Services +0.1% vs +0.2% Q1
- UK Q2 Services add 0.08pp to GDP growth
- UK Q2 financial services -0.2% q/q vs -1.0% Q1
- UK June services flat for fourth straight month
- UK June financial services +0.1% m/m vs no change in May
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Financial services have failed to record an increase in nine consecutive 
quarters, the longest stretch on record, for a cumulative decline of 
4.9% since Q1 2017. The sector contracted by 11.0% during the financial 
crisis, bottoming out in Q4 of 2010. Total services recorded the 
smallest rise since Q2 2016, remaining flat over the past four months. 
However, financial services rose by 0.1% in June, the first rise in 18 
months. 

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