Sandra Horsfield, an economist at Investec Group, said that the rebound in economic activity in the UK in June was driven by some one-off factors, although the improvement in industrial production also brought signs of optimism.
The bank holiday for the coronation of King Charles in May led to a rebound in the working day in June, which helped particularly output data in manufacturing and construction, which rose 2.4 per cent and 1.6 per cent, respectively, she said in a report. %.
Horsfield added that the warmer weather had also boosted hospitality, tourism and construction.
By contrast, July was cloudy and rainy, but the better performance of the auto manufacturing and sales sector suggested that supply chains were improving rather than a one-off impact.
Still, industrial action remains a drag, with junior doctors launching a new strike on Friday.
