(Finance) – Signs of a slowdown came from the British economy in the second quarter of the yearwhich is paying in full for the effects of the crisis triggered by the pandemic and the war in Ukraine, with the increase in energy prices and inflation and the persistence of problems related to supply chains.
The UK GDP highlighted a decrease of 0.1% on quarter, after the + 0.8% recorded in the previous three months. The figure is however slightly higher than estimates of analysts who were for a 0.2% contraction. There trend variation is indicated at + 2.9%above expectations (+ 2.8%), against the + 8.7% recorded in the previous quarter.
Production also dropped in July, but is doing better than expected. The industrial production index has registered a decrease of 0.9% on a monthly basis after + 1.3% of the previous month, but exceeds the -1.3% expected by analysts. The trend figure shows an increase of 2.4% after the + 1.8% in May and exceeds the + 1.6% of the consensus.
There manufacturing productionon a monthly basis, it records a + 1.3% compared to the + 0.9% expected, and compares with + 2.6% in May. The annual variation recorded a -1.6%, (-1.8% the estimates) after the previous + 1.7%.
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