Underpinned by services and production output, the UK economy expanded in August after contracting for the first time in six months in July, the Office for National Statistics reported Wednesday.
Gross domestic product grew 0.4 percent on month, but slightly slower than the economists' forecast of +0.5 percent.
The ONS said GDP growth for July has been revised from 0.1 percent growth to a 0.1 percent fall, mainly because of downwardly revised data for the manufacture of motor vehicles, oil and gas, and improvements to how health output is measured.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.