Stagnant Economic Output in July Shakes Expectations

In July, Britain's economic output remained unchanged from the previous month, according to data released by the Office for National Statistics. This surprising outcome ran contrary to a Reuters poll of economists, which had predicted a 0.2% increase in the gross domestic product.

Data from the Office for National Statistics released on Wednesday showed that Britain's economic output showed no month-on-month change in July.

This stagnant performance surprised experts, as a Reuters poll of economists had forecasted a 0.2% expansion in gross domestic product.

The data raises concerns over the country's economic stability amid fluctuating predictions.

(With inputs from agencies.)