UK Economic Growth Slows to 0.5% in Q2

The UK's economic output growth for the second quarter has been revised down to 0.5%, from an initial 0.6%. The updated figures, released by the Office for National Statistics, caught economists off guard, who had not anticipated a revision in the growth rate.

The UK economy has grown by 0.5% in the second quarter of the year, a slowdown from the preliminary estimate of 0.6%, according to the Office for National Statistics (ONS) data released on Monday.

The revised figure surprised economists who had expected the growth rate to remain unchanged from the ONS's earlier projection.

The updated data underscore potential challenges for the UK economy as it navigates through post-pandemic recovery and other economic pressures.

(With inputs from agencies.)