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GDP monthly estimate, UK: June 2019
“GDP contracted in the second quarter for the first time since 2012 after robust growth in the first quarter. Manufacturing output fell back after a strong start to the year, with production brought forward ahead of the UK’s original departure date from the EU. “The construction sector also weakened after a buoyant beginning to the year, while the often-dominant service sector delivered virtually no growth at all. “The trade deficit narrowed markedly, as imports fell following a sharp rise in the first quarter ahead of the UK’s original departure date from the EU.” The services sector was the only ... (full story)