However, due to firms delaying purchases until after the general election, there was absolutely no growth in June, according to the Office for National Statistics.
Businesses reported that consumers were delaying placing orders until the election result was known in a variety of economic sectors, according to the ONS, though it’s hard to pinpoint the precise impact.
Another reason for the flatline was found to be strikes. Junior physicians were still on strike at the time.
The US Screen Actors Guild strike from last year is still having an influence on UK production schedules, demonstrating the significance of global labor disputes, according to the ONS.
The UK’s overall output, or gross domestic product (GDP), increased in April and June.
What is the UK’s comparative position?
With a growth rate of 0.7%, it was the second-highest among the G7 industrialized nations. The United States was the only country that did better.
However, Germany and Japan, two other G7 nations, have not yet released their GDP figures for the same time frame.
