UK economy grows 0.1% in August, beating forecasts
Official data showed the economy expanded more than expected, with industrial output offsetting a fall in construction.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Britain's economy grew by 0.1% in August, better than expected, according to official figures from the Office for National Statistics. Growth in industrial production offset a fall in construction, defying forecasts of a moderate contraction. The data came just ahead of Healey's first Budget.
Why it matters
The budget is expected to help consumers cope with the cost of living crisis. Fuel costs have hit household budgets.
Coverage
- UK Economy Logs Better-Than-Expected Growth (rttnews.com)
- UK economy unexpectedly grows 0.1% in August (Yahoo News)
- UK economy grew 0.1% in August ahead of Healey's first Budget (BBC)
- UK economy beats forecasts to grow by 0.1% in August (Lufkin Daily News)
- UK economy unexpectedly grows 0.1% in August despite fuel hit to household budgets (The Guardian)
- UK economy grew 0.1% in August, beating expectations (CNBC)
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