UK July monthly GDP +0.4% vs 0.0% m/m expected

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<ul><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">Prior +0.3%</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">GDP Y/Y +1.6% vs +1.0% expected</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">Prior +1.1%</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">Full report <a href="https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/july2026" rel="follow">here</a></li></ul><p>The UK economy maintained its recent pace of growth in the three months to July, with real GDP rising 0.4% compared with the three months to April. The increase marks the eighth consecutive three-month period of growth, although momentum has eased from the 0.6% expansion recorded in the three months to May.</p><p>Services remained the main driver of growth, with output increasing 0.6% over the three-month period. In contrast, production and construction both contracted by 0.5%.</p><p>The monthly figures were more encouraging. UK GDP grew 0.4% in July, accelerating from 0.3% in June and no growth in May. Growth was broad-based, with services output rising 0.4%, production increasing 0.2% and construction growing 0.1%.</p><p>On an annual basis, GDP was 1.6% higher in July than a year earlier. Over the three months to July, GDP increased 1.3% year-on-year, with services up 1.7% and production up 0.5%. Construction, however, remained weak falling 2.3% fro