1 Day
Source:
The Guardian
UK economy rises 0.1% in August
The UK economy showed unexpected resilience with a 0.1% growth in August despite declining consumer spending and rising energy costs. Manufacturing contributed to this surprise boost, while the services sector declined slightly. The overall GDP increased by 0.7% over three months and 2.1% annually, the strongest since 2022, amid global economic uncertainties related to the Middle East war. The government is expected to introduce measures to support households amid rising inflation and energy prices.
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