UK Economy Grew 0.1% in August, Beating Expectations
Macro·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
The U.K. economy grew by a better-than-expected 0.1% in the month to August. This growth comes as businesses and consumers continued to hold up in the face of rising energy prices and high borrowing costs.
The Office for National Statistics (ONS) reported the GDP increase ahead of Chancellor Healey's first Budget. The unexpected growth reflects resilience in the economy despite ongoing financial challenges.
UK
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“The U.K. economy grew by a better-than-expected 0.1% in the month to August.”
CNBC — UK economy grew 0.1% in August, beating expectations“Britain’s economy unexpectedly grew in August, as businesses and consumers continued to hold up in the face of rising energy prices and painfully high borrowing costs.”
Bloomberg — UK Economy Grew in August With Better-Than-Expected Performance“The Office for National Statistics (ONS) said GDP grew in August.”
bbc — UK economy grew 0.1% in August ahead of Healey's first Budget
SupportCorroborates it
“FTSE 100 Live: UK Economy Unexpectedly Grew 0.1% in August”
Bloomberg — FTSE 100 Live: UK Economy Unexpectedly Grew 0.1% in August