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UK growth revised up to 0.5%: What drove the stronger figures?

Stronger services growth drove the upward revision to second-quarter GDP growth, as the UK battles high borrowing costs, inflationary pressures and a cooling labour market.

  • UK economy grew 0.5% in Q2, revised up from 0.4%
  • Professional services led growth with 0.6% expansion
  • Construction sector expanded 0.8%, contributing to growth

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