UK economy returns to growth as GDP grew 0.2% – what it means for your money

THE UK system has grown aft a 2 period play of stagnation, caller figures reveal.

Gross Domestic Product (GDP) rose by 0.2% successful August, the Office for National Statistics said.

It comes aft the system showed nary maturation during successful June and July.

However, quarterly figures amusement that GDP inactive accrued 0.5% successful the 2nd 4th of this year.

Services output was the main contributor to the maturation successful the 3 months to August, rising by 0.1%. There was besides a 1.0% summation successful operation output, portion accumulation output showed nary maturation implicit this period.

Liz McKeown, ONS manager of economical statistic astatine the ONS, said: "All main sectors of the system grew successful August, but the broader representation is 1 of slowing maturation successful caller months, compared to the archetypal fractional of the year."