UK GDP down -0.5% mom in Jul, dragged by services contraction

<p>UK GDP contracted -0.5% mom in July, much worse than expectation of -0.2% mom. Services was down -0.5% mom, the main contributor to the fall in GDP. Production fell by -0.7% mom. Construction fell by -0.5% mom. In the three months to July compared with the prior three-month period, GDP increased by 0.2%. Production rose [&#8230;]</p>
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