Latest data released by ONS - 9 July 2021
- Prior +2.3%
- GDP +3.6% 3m/3m
- Prior +1.5%
While the reading misses on estimates, it represents the fourth consecutive month of growth, though less robust than anticipated. UK GDP still remains some 3.1% below levels seen in February 2020, just to put things into perspective.
The services sector was the biggest contributor, while manufacturing output fell due to supply disruptions and construction activity also declined for a second month running. ONS does note that the readings may be subject to more uncertainty than usual though.
