UK service sector grows strongly in July despite Brexit vote, Q2 growth revised up

UK service sector grows strongly in July despite Brexit vote, Q2 growth revised up
 

Britain's giant services sector grew much more strongly than expected in July in the clearest sign to date that the economy did not slow sharply after the shock of the country's Brexit vote in June.
The Office for National Statistics also said the economy grew more quickly than previously thought in the April-June period, which mostly covered the run-up to the referendum.
"Together this fresh data tends to support the view that there has been no sign of an immediate shock to the economy, although the full picture will continue to emerge," ONS statistician Darren Morgan said.
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30 September 2016 in Business, Views: 29
Source: Reuters
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