11th October 2024
Following two successive months of stagnation, the UK economy grew by 0.2% in August according to this morning's figures from the Office for National Statistics.
Following two successive months of stagnation, the UK economy grew by 0.2% in August according to this morning's figures from the Office for National Statistics.
UK GDP showed no month-on-month growth for the second month running in July.
GDP grew by 0.6% in the second quarter of this year.
GDP growth was higher than the 0.2% predicted for May.
Adverse weather impacted the construction industry.
The UK is no longer in a technical recession after growth in Q1.
Real GDP still remains 0.1% lower in the three months to January than the previous quarter.
GDP fell by 0.2% over the three months to November.