UK Economy Sees Weaker-Than-Expected Growth in August After July Contraction

UK Economy Sees Weaker-Than-Expected Growth in August After July Contraction
Britain’s economy eked out growth in August but expansion was weaker-than-expected and official figures revealed a surprise contraction in July after a downward revision. Danny Lawson/PA
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Britain’s economy eked out growth in August but expansion was weaker than forecast and official figures revealed a surprise contraction in July after a downward revision.

The Office for National Statistics (ONS) said gross domestic product (GDP) rose by 0.1 percent month-on-month in August and fell by 0.1 percent in July, in a revision to the previous estimate for no growth.