The steady recovery is in contrast to warnings by the Treasury that voting to leave the EU would plunge the UK into a year-long recession.
Analysts at Oxford Economics said the recent run of indicators, including surveys by the Confederation of British Industry (CBI) that show sales in retail and manufacturing remain robust, “suggest that the economy has remained resilient to post-referendum uncertainty”.
Andrew Goodwin, lead economist at Oxford Economics, said: “Should this pattern be mirrored in this week’s high profile GfK and PMI surveys, our forecast of zero growth for the third quarter may start to look too low.”
Most economists still expect growth to slow markedly in the coming months. Brian Hilliard, chief UK economist at Societe Generale, warned that the bigger concern for policymakers was a prolonged period of slow growth, as he described the Bank of England’s forecast of 1.8pc in 2018 as too optimistic.