UK Economy Sees 0.6% Growth in Second Quarter
Services sector leads recovery despite June stagnation; manufacturing shows mixed results.
- The UK economy grew by 0.6% from April to June, following a 0.7% increase in the first quarter.
- Growth was driven primarily by the services sector, including IT, legal services, and scientific research.
- June saw no overall economic growth due to strikes and weak retail performance.
- Manufacturing experienced mixed results, with growth in June but an overall decline for the quarter.
- Economists caution that high interest rates and other factors may slow growth in the latter half of 2024.
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