“Today’s data indicate that GDP fell by 0.5 per cent in July relative to June, generated partially by a strong June performance but also by decreasing services output in July, particularly in the health sub-sector which was affected by industrial action. More broadly, GDP grew by 0.2 per cent in the three months to July, driven by growth in manufacturing output relative to the previous three-month period. It seems that, despite the forthcoming data revisions in the 2023 Blue Book, the low but stable growth profile for the United Kingdom remains the same.”