UK economy grows by 0.2% in August after two months of stagnation

After no growth in June and July

Sorin-Andrei Dojan
clock • 2 min read
The services sector was the primary contributor to the UK GDP growth in the three months leading up to August, increasing by 0.1%.
Image:

The services sector was the primary contributor to the UK GDP growth in the three months leading up to August, increasing by 0.1%.

The UK economy expanded by 0.2% in August, following zero growth recorded in June and July.

According to gross domestic product figures released by the Office for National Statistics (ONS) today (11 October), services output grew by 0.1% in August, following another 0.1% increase in July,...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

L&G annuity sales hit all-time high of £2bn in 2024

L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock 03 December 2024 • 1 min read
Industry short on optimism about pensions over the next 12 months

Industry short on optimism about pensions over the next 12 months

PP survey finds 53% of respondents feel negative about pensions over the coming year

Martin Richmond
clock 03 December 2024 • 3 min read
Webinar: The Future of Pensions – Register now

Webinar: The Future of Pensions – Register now

The webinar will be held at 2:30pm on 4 December

Professional Pensions
clock 03 December 2024 • 1 min read
Trustpilot