(Teleborsa) – Clear setback for the UK economy, with a Monthly GDP just grown up 0.1% in July compared to the 1% growth shown in June. This is what emerges from the data published by the Office for National Statistics, which published the usual monthly data this morning. Compared to February 2020, the last month of normality before the outbreak of the pandemic, the gross domestic product is still in contraction of 2.1%.
“After many months of the economy growing a lot, making up much of the ground lost by the pandemic, there was little growth in July,” said Jonathan Athow of the Office for National Statistics.
Industrial production increased by 1.2% in July, supported by the reopening of an oil field, and represented the main source of GDP growth. The production in the buildingsinstead, it contracted for the fourth consecutive month, reporting a drop of 1.6% in July and below 1.8% of the pre-pandemic level (February 2020). The production of services has remained substantially flat and 2.1% is confirmed below the pre-pandemic level.
the arts, entertainment and recreational activities they grew by 9% – explains the ONS – reflecting the relaxation of restrictions taken on July 19th. Production in the consumer services sector, on the other hand, decreased by 0.3%, recording the first decline since January 2021, mostly due to a 2.5% decrease in retail sales.
(Foto: © Eros Erika / 123RF)