Britain’s economy turns to growth in August

The UK’s GDP grew by about 0.2% last August, and by the same rate during the second quarter of 2023.

According to data from the National Statistics Authority issued today, Thursday, the twelfth of October, the growth of the economy during August came after a contraction in the gross domestic product by about 0.6% in July.

Over the three months ending in August, the economy grew by about 0.3%, amid growth in all sectors.

The services sector rose by about 0.4% in August, being the main contributor to GDP growth for that period.

The GDP data for the first quarter was revised upward from 0.1% to 0.3%.

While the construction sector decreased by 0.5% in August, after a decline of about 0.4% in July 2023.