UK Economy Grows 0.4% in July as AI-Linked Services Beat Zero-Growth Forecasts
Updated
Updated · bbc.co.uk · Sep 11
UK Economy Grows 0.4% in July as AI-Linked Services Beat Zero-Growth Forecasts
3 articles · Updated · bbc.co.uk · Sep 11
Summary
Britain’s economy expanded 0.4% in July, topping forecasts for no growth after a 0.3% rise in June and flat output in May.
Computer programming and other services drove the gain, with the ONS saying AI-related businesses had lifted activity not only in July but also in May and June.
Warm weather and the football World Cup also shaped July activity, benefiting some industries while creating challenges for others, according to the statistics agency.
Over the three months to July, the economy grew 0.4% from the previous three-month period, though investors cautioned momentum could fade ahead of the Budget.
That caution reflects wider pressure on the UK outlook, with analysts pointing to Middle East conflict and growing calls for pro-growth measures as fiscal decisions near.