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United Kingdom: Economy stagnates in July
GDP reading: GDP flatlined on a seasonally adjusted month-on-month basis in July, following a 0.4% increase in the prior month and in line with market expectations. On a rolling quarter basis, GDP increased 0.2% in July, following a 0.3% rise in the previous rolling quarter.
Drivers: Services and construction activity rose in July, which offset declines in manufacturing and mining output.
