The UK economy recorded 0.4% growth in July, partly on the back of artificial intelligence (AI) investment according to early official figures that outperformed expectations. The Office for National Statistics (ONS) said output accelerated – on the back of 0.3% growth the previous month – as growth in services offset declines in production and construction. “Continuing recent trends, research and development and rental and leasing also helped drive growth, while wholesaling saw a notable fall.”Read More
