In July, the UK economy experiences another flatline, falling short of predictions.

• The Office for National Statistics published flash figures on Wednesday showing that the U.K. economy remained stagnant in July compared to the previous month.
• Economists polled by Reuters predicted growth of 0.2% for GDP, but the actual figure fell below expectations.
• In July, the services sector in Britain experienced a slight growth of 0.1%, while the production and construction sectors saw declines of 0.8% and 0.4%, respectively.

The U.K. economy remained stagnant in July compared to the previous month, according to data from the Office for National Statistics released on Wednesday.

Economists polled by Reuters predicted growth of 0.2% for GDP, but the actual figure fell below expectations.

The country also logged no GDP growth in June.

In July, the services sector in Britain experienced a slight growth of 0.1%, while production and construction output decreased by 0.8% and 0.4%, respectively.

In the three months leading up to July, Britain's economic growth was 0.5%, slightly lower than the 0.6% growth recorded in the previous quarter, which ended in June.

Despite no growth in the economy for the past two months, the services sector showed growth over the past three months, according to Liz McKeown, director of economic statistics at the ONS.

The U.K. economy has experienced consistent growth, albeit modest, since the start of the year, following a brief recession.

Under Prime Minister Keir Starmer's new Labour government, the reading is the first.

The Bank of England is set to make its next interest rate decision next week, following its first rate cut in four years last month.