UK Q2 GDP rose 0.4% q/q, matching forecasts and down from 0.6% in Q1; on the
year growth was 1.2% y/y versus a 1.1% forecast. June GDP rose 0.3% m/m, beating
a flat consensus. Sector detail shows services resilient (June services +0.4%
m/m) and business investment stronger than expected (Q2 business investment
+1.7% vs -0.5% forecast), while manufacturing and industrial output dragged
(June manufacturing -0.5% m/m; industrial -0.2% m/m). The pattern points to
services-led resilience and firmer corporate investment rather than broad-based
acceleration.