The UK economy stagnated in July as expansions in services and construction sectors were offset by the decline in industrial production, the Office for National Statistics showed Friday.
Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June.
The dominant services sector expanded 0.1 percent and construction grew 0.2 percent. Meanwhile, industrial production fell 0.9 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.