The UK economy grew by 0.1% in August, beating forecasts and lifting growth to 0.7% over the three months to August. The figures come two weeks before John Healey's first Budget.
01Summary
- 01Official figures showed UK GDP rose by 0.1% in August, against analysts' expectations of a slight fall.
- 02The economy grew by 0.7% in the three months to August, with June's monthly growth revised up to 0.4% from 0.3%.
- 03Production rose in August, while services were flat and construction contracted.
- 04ONS director of economic statistics Liz McKeown said computer programming was the biggest contributor to the three-month growth.
- 05John Healey said the figures showed Britain's resilience ahead of his first Budget in two weeks.
02Why it matters
The data suggests the economy was holding up better than expected before the Budget, which could shape the government's spending and tax choices. It also shows how energy prices and borrowing costs are affecting different parts of the economy unevenly.
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