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UK August monthly GDP +0.2% vs +0.2% m/m expected

Prior -0.5%; revised to -0.6%GDP +0.5% vs +0.5% y/y expectedPrior 0.0%; revised to +0.3%A rebound in services sector activity (+0.30%) was the main contributor to the monthly growth in August, while there were declining contributions in both production (-0.09%) and construction (-0.03%). Overall services output improved by 0.4% on the month after a fall of 0.6% in July with the largest drivers of growth being professional, scientific and technical activities, and education. This... Read More

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Posted: Oct 12 2023, 06:00

Author Name: forexlive

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