[ad_1]
The economy contracted unexpectedly in August as a modest rise in construction output was offset by falls in manufacturing and services, official figures show.
Month-on-month gross domestic product fell by 0.3 per cent, resuming its downward trend after a brief return to growth in the summer, according to the Office for National Statistics. Economists had forecast a reading of zero.
GDP growth in July was also revised down to 0.1 per cent from a previous estimate of 0.2 per cent, with the economy now believed to be back to the size it was just before the pandemic, having previously been estimated at 1.1 per cent above it.
The latest data means the economy is likely to contract overall in the third quarter, with the ONS
|
Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMibmh0dHBzOi8vd3d3LnRoZXRpbWVzLmNvLnVrL2FydGljbGUvYnJpdGFpbi1tb3Zlcy1jbG9zZXItdG8tcmVjZXNzaW9uLWFmdGVyLWVjb25vbXktc2hyaW5rcy1pbi1hdWd1c3QtenNsNTl4NTA20gEA?oc=5 The mention sources can contact us to remove/changing this article |
[ad_2]