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UK economy grew 0.1% in August despite spending fall

By ChordNews · First written (updated )

UK economy unexpectedly grows in August despite fall in consumer spending
Image: theguardian.com
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Summary

The UK economy grew 0.1% in August, according to the Office for National Statistics, despite falling consumer spending, The Guardian reports. Growth beat economists’ forecast of a 0.1% contraction and was slower than July’s 0.4% rise, The Guardian says. The BBC reports that John Healey called the surprise growth a 'sign of resilience' ahead of the Budget.

Timeline

  1. The Guardian

    Source ↗

    The Guardian reports that the UK economy unexpectedly grew 0.1% in August despite falling consumer spending, against a forecast contraction of 0.1%.

  2. CNBC

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    CNBC reports that the UK economy grew 0.1% in August, beating expectations.

  3. Euronews

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    Euronews reports that the UK economy unexpectedly grew despite falling consumer spending.

  4. Financial Times

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    The Financial Times reports that the UK economy grew 0.1% in August, defying fears of a contraction.

  5. BBC

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    The BBC reports that Healey called the surprise 0.1% growth a 'sign of resilience' ahead of the Budget.

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