UK Q2 GDP was finalized at 0.4% qoq, unrevised. Growth were driven by services sector, which increased by 0.6%, partly on retail sales. Household spending grew 0.4% but business investment dropped notably by -0.7%. ONS noted that “the recent narrative on UK GDP remains unchanged – the underlying trend is still one of slowing real GDP growth.” Also from UK, current account deficit widened to GBP -20.3B in Q2.
