The British economy grows better than expected 0.3 % in the second quarter

UK economy expanded better than 0.3 % in the second quarter, According to preliminary estimates From the UK National Statistics Office on Thursday.

Economists included in Reuters expected that the GDP (GDP) will expand 0.1 % during this period, increasing the growth of abundance by 0.7 % in the first quarter.

The month of the month, the economy grew by 0.4 % in June After shrinking 0.1 % in MayFailure to get rid of the effect of customs tariffs and uncertainty in business.

“The economy was weak during the month of April and May, when some activities were presented to February and March before the closing changes and change of customs tariffs, but then stumbled strongly in June,” Liz Macyun, Director of Economic Statistics at The ONS, commented on Thursday. Stamp fees indicate a tax on property purchases.

Through the broader second quarter, growth led services, with computer and health programming and rental of momentum. The construction also increased, while production declined slightly. Classical growth was also strengthened through the updated source data for April, which, although it still shows a contraction, was better than at first estimates.

“The services also led growth in June through scientific research and development, engineering sales and car sales, all of which are a strong month. Within production, which was restored, electronics performance was particularly good.”

The British pound was flat against the dollar after issuing data, at $ 1.3577.

George Brown, the chief economist in Sharoders, said in the comments via e -mail after issuing the data, after a strong start for this year, George Brown, the leading economists in the Schroeders, said in the comments via e -mail after issuing the data.

“A lot of slowdown reflects a decrease in manufacturing after the front loading of the tariff in the first quarter. This clouds should be easy in the third quarter, even against a more strict global commercial background.

“However, the hopes of acute recovery will stop. The labor market has eased, and the capacity restrictions mean that lukewarm growth generates pressure for inflation. With this, we expect the Bank of England to keep the rates for a period of the rest of the year,” he pointed out.

The latest growth data comes days after the Bank of England reduced interest rates from 4.25 % to 4 %, with policy makers weighing sticky inflation – Which rose to 3.6 % of expected in June From 3.4 % in May – Against the refrigeration market market And dull growth.

In a statement Last week, the Bank of England said that the Monetary Policy Committee “still focuses on pressure on any ongoing or emerging inflationary pressure, to re -inflation into a 2 % goal in the medium term.”

He also pointed out that the growth of GDP in the United Kingdom “has been interested, in line with a continuous gradual relief in the labor market.”

“On the sidelines of the recession in the economy, the bank said. There are still local and geopolitical risks on economic activity, although uncertainty in commercial policy may have reduced some extent,” said the bank in the commercial deal in the United Kingdom with the United States and the main tariff by 10 % on exporting it to the states.

MPC was initially divided into a reduction or detention of interest rates with four members who want to keep prices, and four others vote to reduce and vote for a vote to reduce more than 50 Basis. Then the committee held a second round of voting to reach the majority decision to reduce prices by 25 basis points.

The vote is a reflection of the “accurate balanced situation” currently facing MPC in terms of factors that drive monetary policy, according to the ruler of England Bank Andrew Billy.

“There is a risk to inflation, especially if … this current increase can continue more than we expect to expect it in reality, but can I be?” Billy Retica Gopta told CNBC in an interview. “But … this must be set in the context of the conditions of the labor market, which seems to be softened.”