UK GDP: Unexpected flatlining of growth

Isaac Stell, investment manager, Wealth Club: “The month-on-month GDP figures missed all estimates producing a fairly dismal set of numbers with the services sector managing to mitigate the declines seen in the construction and manufacturing sectors.

A reversal in the fortunes for the manufacturing and construction sectors is a blow to the new Labour government that has growth as a central pillar of its agenda.

The usual bright spot was the bounce back in growth for the services sector with the health sector one of the leading contributors, springing back to life following strike action in June.

A notable slowdown in advertising and architects may be indicative of a wider slowdown. With the canaries beginning to look a bit peaky, the chancellor may need to tread more carefully in October.”