The UK economy grew by 0.2% in August, according to official data from the Office for National Statistics (ONS).
This modest increase in gross domestic product (GDP), which measures a country's total economic output, follows two months of stagnation. The figures align with predictions made by economists surveyed by Reuters, who had also forecast a 0.2% growth.
Liz McKeown from the ONS commented: "While all main sectors of the economy saw growth in August, the wider trend has been one of slowing expansion in recent months compared to the first half of the year."
She further noted: "In August, sectors like accountancy, retail, and several manufacturers performed well, and construction rebounded after July's decline. However, these gains were partially offset by downturns in wholesaling and oil extraction."
The ONS also estimated that the economy expanded by 0.2% in the three months leading up to August.
Source:
Sky News
