UK GDP rose by 0.2% in August, data released by the Office for National Statistics shows, after no growth in June and July.
That is in line with City forecasts.
It is a welcome boost for the government, after growth flatlined earlier in the summer amid wet weather and the cost of living squeeze.
The services, production and construction sectors all expanded in August, today’s GDP report shows.
Services output grew by 0.1% in August 2024, after an unrevised increase of 0.1% in July 2024, and grew by 0.1% in the three months to August 2024.
Production output grew by 0.5% in August 2024, after a revised fall of 0.7% in July 2024 (this was a 0.8% fall in the last publication), but showed no growth in the three months to August 2024.
Construction output grew by 0.4% in August 2024, after an unrevised fall of 0.4% in July 2024, and grew by 1% in the three months to August 2024.
UK retailers and manufacturers had a good August, the ONS said.
Liz McKeown, an ONS director of economic statistics, said: “All main sectors of the economy grew in August, but the broader picture is one of slowing growth in recent months, compared to the first half of the year.
"In August, accountancy, retail and many manufacturers had strong months, while construction also recovered from July’s contraction. These were partially offset by falls in wholesaling and oil extraction.”
The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Newsletters may contain info about charities, online ads, and content funded by outside parties
Downton-based Cricket Hockey has built on a family legacy of cricket and a background in IT to become a leading online cricket supplier.
Managing an online business can be complex: ensuring high-quality products are in stock for immediate delivery is no small feat.
But as early movers in ecommerce, Cricket Hockey know the power of an effective payment solution.
One key lesson learned? Working with PayPal can help streamline their business with one payment solution and provide a seamless experience for customers. With PayPal by their side, they can stay focused on what matters most— their business.
You are receiving this email because you are a subscriber to Business Today. Guardian News & Media Limited - a member of Guardian Media Group PLC. Registered Office: Kings Place, 90 York Way, London, N1 9GU. Registered in England No. 908396