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UK Economy Returns To Growth In August, But Recession Fears Linger – Business Live

Newsflash: UK economy returns to growth in AugustThe UK economy returned to growth in August, as activity picked up after a worst-than-expected slump in July.

GDP rose by 0.2% in August, the Office for National Statistics reports, which matches City expectations.

The services sector grew by 0.4% in August, the Office for National Statistics reports, but there was a contraction in the production sector and in construction.

However, July’s GDP report has been revised down to show a fall of 0.6%, worse than the 0.5% first estimated.

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