UK Economy Expands 1.3 Percent in August
(MENAFN) The British economy expanded by 1.3% in August, according to data released Thursday by the Office for National Statistics (ONS), falling short of analysts’ projections.
While the figure landed in line with some market expectations, it came alongside a revision of July's GDP growth to 1.5%, up from previous estimates. On a monthly basis, gross domestic product (GDP) ticked up by 0.1%, mirroring forecast levels.
Sector performance was mixed. Monthly production output rose 0.4%, while the services sector registered no growth. Meanwhile, construction output contracted by 0.3%.
“Real gross domestic product (GDP) grew by 0.3% in the three months to August 2025 compared with the three months to May 2025, a slight increase following growth of 0.2% in the three months to July 2025,” ONS said in a statement.
Over the three-month period ending in August, the services sector advanced by 0.4%, and construction rose by 0.3%, while production dipped by 0.3%, underlining persistent volatility across industries.
Industrial production returned to growth in August, rising by 0.4% month-on-month — a sharp turnaround from a previously revised 0.4% decline in July. The increase exceeded market expectations.
Driving the rebound were gains in the pharmaceuticals sector, up 3%, manufacturing, up 0.7%, and electricity and gas, which rose 0.4%. In contrast, mining and quarrying output declined 2.3% on the month.
Despite the rebound in some sectors, the broader picture suggests a fragile recovery as the UK economy grapples with uneven momentum heading into the final quarter of 2025.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
