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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: UK economy down 0.6% in June but Q2 beats expectations

The UK economy contracted by an estimated 0.1% in the second quarter, the Office for National Statistics said today.

The decline was driven by a 0.6% fall in June, a performance that reflected the winding down of Covid-19 testing and vaccine programmes and disruption to activity caused by the Jubilee celebrations.

However, City economists had forecast a 1.2% fall in June and contraction of 0.2% for the second quarter.

Read more on second quarter GDP

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