United Kingdom GDP grows by 0.4% MoM in July, vs. 0% expected
The UK Gross Domestic Product (GDP) grew by 0.4% MoM in July, following a 0.3% growth reported in June, the latest data published by the Office for National Statistics (ONS) showed on Friday.
In July, the UK's Gross Domestic Product (GDP) expanded by 0.4% month-over-month, surpassing the forecast of 0% growth, according to the Office for National Statistics (ONS). This indicated a stronger performance compared to June's 0.3% increase. Industrial Production saw a 0.2% growth in July, while Manufacturing Production rose by 0.9%. The British Pound Sterling (GBP) experienced a positive response to the favorable economic data, with the GBP/USD exchange rate increasing by 0.03% to 1.3515.
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