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UK DATA
MNI (London)

UK Q2 GDP +4.8 Q/Q (MEDIAN +4.8%, Q1 -1.6%)
UK Q1 GDP 22.2% Y/Y (MEDIAN +22.0% PREV -6.1%)
UK JUN GDP +1.0% M/M (MEDIAN +0.8%, MAY +0.6%R)
UK JUN INDEX OF SERVICES +1.5% M/M (MEDIAN 0.8%, MAY 0.9%)
UK JUN IND PRODUCTION -0.7% M/M; +8.4% Y/Y (MAY +20.6% Y/Y)
UK JUN MANUFACTURING +0.2% M/M; % Y/Y (MAY +27.7% Y/Y)
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UK GDP bounced back smartly in Q2, with quarterly growth of 4.8%, in line with forecasts. Services performed strongly, helped by the gradual reopening of the sector through the quarter. Against that, manufacturing was below expectations, as in part at least, global supply chain issues hit output. The overall Q/Q outcome is modestly below the BOE's forecast of 5.0% growth in the quarter.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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