Story thread · 6 reports / 6 sources

Gasoline prices drive up US monthly inflation; four UK interest rate hikes expected by next summer – business live

theguardian.com · 3dShare

Rolling coverage of the latest economic and financial news, as energy prices fall and the UK economy beats expectations UK economy unexpectedly grows 0.4% in July boosted by AI Digging into today’s GDP report a little, we can see that the UK services sector had a decent July, with growth in 11 of its 14 subsectors. According to the ONS, the fastest growth was recorded in: professional , scientific and technical activities (up 2.1%), driven by growths in scientific research and development (up 7.0%), legal activities (up 3.1%), and advertising and market research (up 3.4%) information and communication (up 2.5%), which was mainly driven by a growth of 4.4% in computer programming, consultancy and related activities administrative and support service activities (up 1.3%), driven by growths of 6.1% in rental and leasing activities, and of 2.8% in services to buildings and landscape activities The 0.4% rise in U.K. GDP in the second quarter was slightly stronger than we expected and sugges

First report: UK Economy Grows 0.4% in July as AI Boom Lifts Computer Programming Businesses — newscord.org, 4d