{"id":436155,"date":"2026-08-13T13:00:06","date_gmt":"2026-08-13T06:00:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-economy-posts-unexpected-growth-in-june-on-stronger-services-sector-showing-436155\/"},"modified":"2026-08-13T13:00:06","modified_gmt":"2026-08-13T06:00:06","slug":"uk-economy-posts-unexpected-growth-in-june-on-stronger-services-sector-showing","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-economy-posts-unexpected-growth-in-june-on-stronger-services-sector-showing-436155\/","title":{"rendered":"UK economy posts unexpected growth in June on stronger services sector showing"},"content":{"rendered":"<div>\n<ul>\n<li>June monthly GDP +0.3% vs 0.0% m\/m expected<\/li>\n<li>Prior +0.1%; revised to 0.0%<\/li>\n<li>June services output +0.4% vs 0.0% m\/m expected<\/li>\n<li>Prior +0.3%; revised to +0.1%<\/li>\n<li>June industrial output -0.2% vs +0.1% m\/m expected<\/li>\n<li>Prior -0.5%; revised to -0.7%<\/li>\n<li>June manufacturing output -0.5% vs -0.2% m\/m expected<\/li>\n<li>Prior +0.1%; revised to -0.2%<\/li>\n<li>June construction output -0.1% vs -0.3% m\/m expected<\/li>\n<li>Prior -0.8%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The monthly estimate for June comes in at a solid beat, amid a stronger performance from the services sector. The unexpected jump also comes amid a downwards revision to the May figures though. And all of this feeds into the bigger picture, with <a href=\"https:\/\/investinglive.com\/news\/uk-q2-preliminary-gdp-vs-0-4-q-q-expected\/\" rel=\"follow\">UK Q2 GDP estimated to grow by 0.4% on the quarter<\/a>.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">At the balance, production and construction showed benign growth conditions in June. So, all of the weight is carried by services output on the month.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Drilling down to the services sector, the\u00a0largest positive contribution in June came from professional, scientific and technical activities (+1.0%).\u00a0This was driven by growths in scientific research and development (+2.8%), reaching its highest level since January 2025, as well as in legal activities (+1.8%).<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Meanwhile, consumer-facing services also saw output up by 0.4% on the month with retail trade being a notable contributor from an industry level. ONS even points out that this industry was also the largest positive contribution from a single industry to services output (+0.05%), and second largest positive contribution to real GDP growth (+0.04%) in June. So, that&#8217;s a decently positive takeaway.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>June monthly GDP +0.3% vs 0.0% m\/m expected Prior +0.1%; revised to 0.0% June services output +0.4% vs 0.0% m\/m expected Prior +0.3%; revised to +0.1% June industrial output -0.2% vs +0.1%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436155","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436155"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}