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 UK Economy Returns To Growth
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The UK economy grew by 0.2% in August 2024, following no growth in July and June; real GDP increased by 0.2% in the three months to August compared to the previous three months and by 0.8% year-on-year; UK Chancellor Rachel Reeves welcomed the growth, stating change will take time; ING economist James Smith noted a slowdown in growth pace; all main sectors grew in August; service sector increased by 0.1%, industrial output rose by 0.5%, and manufacturing output surged by 1.1%; construction output climbed 0.4%; annual industrial production decline slowed to 1.6%; visible trade deficit narrowed to GBP 15.06 billion from GBP 18.87 billion.

#UkEconomy #GdpGrowth #ChancellorReeves #IndustrialOutput #Manufacturing #TradeDeficit #EconomicStatistics #August2024 #EconomicAnalysis

https://www.rttnews.com/3480865/uk-economy-returns-to-growth.aspx