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UK June monthly GDP +0.3% vs 0.0% m/m expected

UK June GDP rose 0.3% month-on-month, beating expectations for flat growth and indicating the economy expanded more than forecast. Services output was the main driver, up 0.4% versus 0.0% expected, while industrial production (-0.2%), manufacturing (-0.5%) and construction (-0.1%) were all weaker than expected. The better-than-expected headline GDP print is modestly supportive for the UK economy and could help offset concerns about slowing momentum, though the weak industrial and manufacturing components highlight underlying fragility. For markets, the report is likely to provide some short-term support to sterling and may slightly reduce immediate pressure for easier policy, but the mixed sector breakdown limits the upside. The data were released by the ONS on 13 August 2026.

Category

UK 100

Sentiment

Mixed

Event

Market commentary

Reading time

1 min