UK Economy Grew 0.4% in Q2, In Line With Expectations but Below Q1's 0.6%

3-line summary

• The UK economy grew 0.4% between April and June, in line with economists' expectations but below the 0.6% expansion in the first quarter, according to official ONS data reported by the BBC.
• The services sector drove growth while manufacturing also expanded; the ONS said the slowdown from Q1 reflected the ongoing impact of the Iran war and UK political uncertainty around the change in prime minister.
• June growth got a boost from sunny weather and the men's football World Cup, though May's growth was revised down from 0.1% to zero.

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