UK's GDP up 0.2% in July 2022 after a fall of 0.6% in June

Monthly real GDP of the country is estimated to have grown by 0.2 per cent in July 2022 following a fall of 0.6 per cent in June 2022. Monthly GDP is now estimated to be 1.1 per cent above its pre-COVID-19 levels.

UK’s production fell by 0.3 per cent after a fall of 0.9 per cent in June 2022; this was mainly because of a fall of 3.4 per cent in electricity, gas, steam, and air conditioning supply. Manufacturing increased by 0.1 per cent in July 2022, with a mixed performance across the sub-sectors, as per the ONS.

ALCHEMPro News Desk (KD)