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The UK economy registered no growth in July, as expected, numbers on Friday showed. According to the Office for National Statistics, the UK economy tread water in July, an outcome in line with consensus, after gross domestic product advanced 0.4% in June from May. ‘Real gross domestic product grew by 0.2% in the three months to July 2025 compared with the three months to April 2025, down from three-month-on-three-month growths of 0.3% in June 2025 and 0.6% in May 2025,’ the ONS said. ‘Services output grew by 0.4% in the three months to July 2025, compared with the three months to April 2025, and was the main contributor to GDP growth over this period, after growing 0.4% in the three months to June 2025.’ In July alone, service and construction output rose 0.1% and 0.2% from June, but production fell 0.9%. The production reading fell short of consensus. It had been expected to be flat, according to FXStreet. Separate data from the ONS showed the UK trade deficit widened in July. The trade gap stretched to £5.26 billion from £5.02 billion in June. Exports rose 2.3% to £76.45 billion in July from £74.76 billion in June. However, imports rose at a slightly faster pace of 2.4% to £81.71 billion from £79.78 billion. The ONS said goods imports and exports rose in both EU and non-EU nations. Exports of goods to the US rose by £800 million in July, but are off pre-tariff levels. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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