"The UK economy expanded by 0.1% in August, according to official figures, giving a lift to Rachel Reeves ahead of next month's crucial budget. A boost from the manufacturing sector helped the economy improve along with a strong performance by the health sector. However, the Office for National Statistics said it had revised down July's flatlining growth to a 0.1% contraction, limiting the rise in output over the three months to August to 0.3%."
"The UK's manufacturing industry reversed a 1.1% fall in July to grow by 0.7% in August, lifted by a strong increase in output by the pharmaceutical sector. The services sector, which covers about three-quarters of economic activity, flatlined for the second consecutive month The construction sector shrank in August by 0.3% month on month, with a decline in maintenance and repair work offsetting a 0.5% increase from new building work."
"Analysts said the UK's economic outlook was likely to continue improving, but at a sluggish pace while businesses and consumers waited to see the outcome of the chancellor's budget on 26 November. The latest spat between Donald Trump and Beijing over tariffs will also add to uncertainty on international financial markets about the likely path of global trade. The chancellor is weighing up raising funds from a series of tax rises in her autumn budget to close a 20bn-30bn budget spending gap"
UK GDP increased by 0.1% in August, driven by gains in manufacturing and strong performance in the health sector. July's growth was revised down to a 0.1% contraction, leaving three-month output growth at 0.3%. Manufacturing recovered from a 1.1% fall to grow 0.7%, helped by pharmaceutical output. The services sector, about three-quarters of the economy, was flat for a second month, while construction fell 0.3% as maintenance and repair work declined. Analysts expect gradual improvement amid uncertainty before the chancellor's 26 November budget and rising global trade tensions.
Read at www.theguardian.com
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