UK economy unexpectedly grows 0.1% in August despite fall in consumer spending

UK economy unexpectedly grows 0.1% in August despite fall in consumer spending

UK gross domestic product rose by 0.1% in August, surprising analysts as household expenditure declined sharply. The modest expansion follows a period of stagnation and comes just weeks before the chancellor presents a budget intended to ease the cost‑of‑living pressures on consumers. Officials said the growth reflects a brief rebound in services and inventory adjustments.

UK economy unexpectedly grows 0.1% in August despite fall in consumer spending — PinBrief