Paul Dales, chief UK economist at Capital Economics, said the downward revision “shouldn’t make the Bank of England worry too much about the economy running out of momentum”.
The latest growth figures are not expected to lead to significant changes by the Office for Budget Responsibility, which is preparing forecasts for next month’s Budget.
The independent forecaster monitors the government’s spending plans and performance and publishes its projections at the same time as the government outlines its Budget.
The Office for National Statistics (ONS), which published the figures, said the production of transport and related equipment tumbled by 3.1% between April and June after a long period of growth.
It was first estimated to have fallen by 0.7%.
The ONS said there was evidence to suggest that car manufacturers had cut output while they prepare for the shift to making electric cars.
https://www.bbc.com/news/articles/c8djelgl6y8o,
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