| Consensus | Consensus Range | Actual | Previous | Revised | |
|---|---|---|---|---|---|
| Month over Month | 0.2% | 0.1% to 0.2% | 0.4% | -0.1% | |
| 3-Months over 3-Months | 0.3% | 0.5% | 0.6% |
Highlights
Services output grew by 0.3 percent in June, building on modest gains in May and recovering from April's decline. Production output made a stronger comeback, increasing by 0.7 percent after a sharp 1.3 percent drop in May, while construction also grew by 0.3 percent, reversing part of the previous month's fall.
Over the quarter, services expanded by 0.4 percent and construction by a robust 1.2 percent, though this was partially offset by a 0.3 percent contraction in production.
The June figures suggest a broad-based recovery across key sectors, with upward revisions to earlier data painting a slightly brighter picture of recent performance. However, the contrasting figures for services and construction against a still-weak production sector highlight the uneven nature of the growth. This latest update takes the RPI to 9 and the RPI-P to 9. Meaning that economic activities are within the expectations of the UK economy.