{"id":5824,"date":"2026-08-09T11:19:30","date_gmt":"2026-08-09T11:19:30","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/uk-economy-set-for-another-quarter-of-growth-as-big-picture-shows-resilience\/"},"modified":"2026-08-09T11:19:30","modified_gmt":"2026-08-09T11:19:30","slug":"uk-economy-set-for-another-quarter-of-growth-as-big-picture-shows-resilience","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/uk-economy-set-for-another-quarter-of-growth-as-big-picture-shows-resilience\/","title":{"rendered":"UK economy set for another quarter of growth as \u2018big picture\u2019 shows resilience"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"main\">\n<div class=\"hydrate-root sc-1ihz57b-0\" data-component=\"Newsletter\" data-loading=\"lazy\" data-theme-name=\"independent\">\n<div data-theme-wrapper=\"independent\" style=\"display:contents\">\n<aside class=\"sc-y4bm30-0 jwWhkK newsletter-component sc-1ge0fwe-0\" data-newsletter-key=\"receiveBreakingNews\">\n<div class=\"sc-y4bm30-2 kcLSBk\"><\/div>\n<div class=\"sc-y4bm30-1 inRDZn\">\n<div class=\"sc-y4bm30-3\">\n<div class=\"sc-y4bm30-4 hfveGa\">\n<p><h3 class=\"sc-y4bm30-5 sc-y4bm30-6 fvoxRM cLEJmn\">For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails<\/h3>\n<h3 class=\"sc-y4bm30-5 sc-y4bm30-8 fvoxRM iTZFOX\">Sign up to our free breaking news emails<\/h3>\n<h3 class=\"sc-y4bm30-5 sc-y4bm30-7 fvoxRM iGYpOF\">Sign up to our free breaking news emails<\/h3>\n<\/p>\n<p><svg class=\"sc-eaj12q-0 loKJGs sc-culv3z-0 eifaJK sc-1ix0cah-0 PYnPb sc-y4bm30-10 fUEDPX\" viewbox=\"0 0 32 32\"><use href=\"#600f53465147d717\"\/><\/svg><\/div>\n<div class=\"sc-y4bm30-2 kcLSBk sc-y4bm30-9 iQYNfz\"><img decoding=\"async\" src=\"https:\/\/static.independent.co.uk\/static-assets\/images\/newsletters\/breakingNews1_1.png\" loading=\"lazy\" alt=\"Breaking News\" class=\"sc-1mc30lb-0 ggpMaE\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/div>\n<p>The UK economy is expected to have recorded another quarter of growth as businesses find ways to cope with the fallout of the <a href=\"https:\/\/www.independent.co.uk\/topic\/iran\">Iran<\/a> war, but some industries are coming under increasing pressure, economists think.<\/p>\n<p>Figures from the <a href=\"https:\/\/www.independent.co.uk\/topic\/office-for-national-statistics\">Office for National Statistics<\/a> being published on Thursday are set to show a degree of resilience in the economy in the face of supply chain issues and price pressures linked to the conflict, as well as a period of political uncertainty.<\/p>\n<p>Some economists think gross domestic product (GDP) will have increased 0.4% for the second quarter, between April and June.<\/p>\n<p>This would mean the economy has continued growing after a 0.6% rise in <a href=\"https:\/\/www.independent.co.uk\/topic\/gdp\">GDP<\/a> for the first three months of 2026.<\/p>\n<p>Rob Wood, chief UK economist for Pantheon Macroeconomics, said this would show \u201cthe big picture is that the economy has remained resilient to the hit from the war in Iran\u201d.<\/p>\n<div class=\"sc-awdjp1-2 cbpRGD sc-awdjp1-3 image\">\n<figure class=\"sc-1cbdeug-0 cXcwgU\">\n<div data-gallery-length=\"3\" class=\"sc-awdjp1-0 dJknxf\"><img decoding=\"async\" src=\"https:\/\/static.independent.co.uk\/2026\/08\/09\/09\/29703383-thumbnail\" srcset=\"https:\/\/static.independent.co.uk\/2026\/08\/09\/09\/29703383-thumbnail?quality=75&amp;width=320&amp;auto=webp 320w, https:\/\/static.independent.co.uk\/2026\/08\/09\/09\/29703383-thumbnail?quality=75&amp;width=640&amp;auto=webp 640w\" loading=\"lazy\" alt=\"\" class=\"sc-1mc30lb-0 ggpMaE inline-gallery-btn\"\/><\/div>\n<\/figure>\n<\/div>\n<p>It comes as the services sector \u2013 the most dominant in the UK economy \u2013 strengthened in May, largely coming from professional services and scientific research and development.<\/p>\n<p>Furthermore, recent data has pointed to factories and manufacturing firms stockpiling in anticipation of supply shortages and price rises, which has helped keep growth elevated.<\/p>\n<p>But a weaker picture may be emerging from June as the heatwaves bring mixed results for businesses and some industries come under increasing pressure, economists said.<\/p>\n<p>Mr Wood is expecting monthly GDP to dip by 0.1% in June, \u201creversing the 0.1% gain in May, as a sharp fall in construction activity drags on growth, while services and industrial production stagnate\u201d.<\/p>\n<div class=\"sc-awdjp1-2 cbpRGD sc-awdjp1-3 image\">\n<figure class=\"sc-1cbdeug-0 cXcwgU\">\n<div data-gallery-length=\"3\" class=\"sc-awdjp1-0 hYfVkB\"><img decoding=\"async\" src=\"https:\/\/static.independent.co.uk\/2026\/08\/09\/09\/b1054540f7736997c6248330b81c2a35Y29udGVudHNlYXJjaGFwaSwxNzg2MTkwNTM4-2.84995114.jpg\" srcset=\"https:\/\/static.independent.co.uk\/2026\/08\/09\/09\/b1054540f7736997c6248330b81c2a35Y29udGVudHNlYXJjaGFwaSwxNzg2MTkwNTM4-2.84995114.jpg?quality=75&amp;width=320&amp;auto=webp 320w, https:\/\/static.independent.co.uk\/2026\/08\/09\/09\/b1054540f7736997c6248330b81c2a35Y29udGVudHNlYXJjaGFwaSwxNzg2MTkwNTM4-2.84995114.jpg?quality=75&amp;width=640&amp;auto=webp 640w\" loading=\"lazy\" alt=\"England reaching the World Cup semi-finals is expected to have helped boost spending in July (Bradley Collyer\/PA)\" class=\"sc-1mc30lb-0 ggpMaE inline-gallery-btn\"\/><\/div><figcaption class=\"sc-1cbdeug-1 sc-1cbdeug-3 YlsWU hgzWpY\">England reaching the World Cup semi-finals is expected to have helped boost spending in July (Bradley Collyer\/PA)<span class=\"sc-1cbdeug-7 gjqsiM\"> <!-- -->(<!-- -->PA Wire<!-- -->)<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Thomas Pugh, chief economist for RSM UK, said he was expecting the services industry to have been dragged down by a fall in hospitality activity, despite the Fifa World Cup kicking off in June.<\/p>\n<p>Mr Pugh said its own business surveys suggest \u201cconsumers were likely switching away from restaurants towards pubs to watch the World Cup, rather than increasing the total amount of spending\u201d.<\/p>\n<p>But he added: \u201cThere could still be a boost to activity in July, given the scorching weather and <a href=\"https:\/\/www.independent.co.uk\/topic\/england\">England<\/a> reaching the semi-finals.\u201d<\/p>\n<p>Mr Pugh has a slightly more positive outlook for June, forecasting monthly GDP to have risen by 0.1%.<\/p>\n<p>\u201cAll told, we expect GDP to nudge up in June, helped by a big jump in erratic mining activity,\u201d he said.<\/p>\n<p>\u201cThat will be enough to deliver 0.4% growth for Q2 (the second quarter), as strong momentum from Q1 (the first quarter) and consumers smoothing through higher inflation helped to support solid growth.\u201d<\/p>\n<p>A quarterly increase in GDP will likely be good news for new Prime Minister <a href=\"https:\/\/www.independent.co.uk\/topic\/andy-burnham\">Andy Burnham<\/a>, who has said he wants to achieve \u201cgrowth in every postcode\u201d of the UK.<\/p>\n<p>He opened a new headquarters for the centre of Government in Manchester in late July, named No 10 North, where he is expected to work once each week as part of his move to push power out of Westminster.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.independent.co.uk\/news\/business\/gdp-andy-burnham-iran-office-for-national-statistics-england-b3029923.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails The UK economy is expected to have recorded another quarter of growth as businesses find ways to cope with the&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/ventil.rs\/blog\/business\/uk-economy-set-for-another-quarter-of-growth-as-big-picture-shows-resilience\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;UK economy set for another quarter of growth as \u2018big picture\u2019 shows resilience&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":5825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/static.independent.co.uk\/2026\/08\/09\/09\/438bdc7434db222aebf460d3e5c0370cY29udGVudHNlYXJjaGFwaSwxNzg2MTkwODM1-2.85006300.jpg?width=1200&height=800&crop=1200:800","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-5824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v22.1) - 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