PwC comments on latest GDP data

Sep 10, 2018

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

John Hawksworth, chief economist at PwC, comments on the latest GDP data:  

"The UK economy continued to pick up momentum, growing by 0.6% in the three months to July. This was the fastest quarterly growth rate since the fourth quarter of 2016 and supports the decision of the Bank of England to raise interest rates in August.

"The hot summer and the World Cup boosted retail spending in June and July, and latest business surveys suggest that positive services sector growth continued in August. But manufacturing output growth has weakened.

"Looking ahead, however, the long hot summer could give way to a stormy autumn as Brexit-related uncertainty leads businesses to defer major investment decisions and subdued real wage growth weighs on consumer spending."

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2018 PwC. All rights reserved

Contact us

Media Enquiries
Press office, PwC United Kingdom
Tel: +44 (0)20 7213 1768
Email

Follow us